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Canary Capital files S-1 registration application for SEI spot ETF with SEC

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2025-05-01 11:14:30
Late Wednesday, Canary Capital filed an S-1 registration statement with the Securities Exchange Commission, planning to manage a product that could become the first spot SEIETF in the United States, and the fund contains a pledge element. The proposed fund is designed to provide investors with direct access to the price of SEI, the native cryptocurrency of the Sei network, and the assets will be held in custody by BitGo and Coinbase. The trust plans to pledge a portion of the assets through one or more infrastructure providers, which may generate additional benefits for investors. In addition, the fund will handle the creation and redemption of shares in a cash manner, similar to the existing spot Bitcoin, Ethereum ETF structure in the United States.
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