Canary Capital Proposes Novel SEI Spot ETF with Staking Mechanism

A groundbreaking innovation from asset management firm Canary Capital has the potential to revolutionize the way investors interact with crypto. The company has proposed a novel SEC filing for a spot exchange-traded fund (ETF) that incorporates staking functionality, marking a significant departure from existing structures. This initiative promises direct exposure to the SEI altcoin’s price while incorporating the potential for increased returns through staked assets. Coinbase and BitGo are slated to manage the asset custody for this groundbreaking ETF.