Canary Capital Specifies 90% Staking Rate for SEI Spot ETF

Canary Capital announced on the 15th that it has made a second amendment to the S-1 registration statement for its ETF "Canary Staked SEI ETF," indicating that approximately 90% of the cryptocurrency SEI will be allocated for staking. Previously, the description was vague, stating "a portion of the assets." The custody system has also changed from BitGo and Coinbase Custody to sole custody by BitGo Trust Company. The ETF is planned to be listed on the U.S. Cboe BZX exchange, but the ticker symbol is yet to be determined, and the trading unit will be a "basket" of 10,000 shares. The SEC has not yet approved the listing of this ETF, and the official start date for trading is unknown.

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