Oh, dear reader, gather ’round and prepare your finest bonnets, for a tale of intrigue and finance unfolds before us. The U.S. Securities and Exchange Commission-ever the vigilant chaperone of Wall Street-has acknowledged a filing from Cboe BZX Exchange concerning the Canary Staked SEI ETF. Yes, you heard it correctly: the first U.S.-listed SEI ETF has stepped onto the stage, ready to curtsy through the review process. How thrilling! Or is it? 😌
- But wait-what’s this? Another suitor enters the ballroom! 21Shares, with impeccable timing, has filed its own proposal for an SEI ETF, proving that competition in the world of blockchain-backed investments can be as fierce as a Regency-era gossip mill. 🗣️
- As for the SEI token itself, it currently trades at a modest $0.32. Should one dare to dream, technical charts whisper of support between $0.26-$0.28 and potential resistance levels flirting coyly up to $0.43. Ah, the whimsical dance of numbers! 💃
The esteemed SEC, ever so deliberate in its proceedings, announced on September 8th that the public comment period has begun-a mere formality, some might say, but one fraught with anticipation. For such matters, the agency typically takes 45 days to render judgment, though extensions are not uncommon, stretching the suspense to a full 240 days. Oh, how time drags when fortunes hang in the balance! ⏳
This particular ETF, should it win favor, would take the form of a Delaware statutory trust, under the sponsorship of Canary Capital Group LLC. Cboe BZX makes bold claims, asserting that their proposal aligns neatly with the Securities Exchange Act and ought to follow the same rules as those recently approved products holding spot Bitcoin (BTC) and Ethereum (ETH). How daring of them! One wonders if the SEC will find their argument persuasive-or laughable. 😏
Should approval come to pass, investors may soon enjoy exposure to staked SEI tokens via this novel exchange-traded product. Imagine the conversations at tea parties: “Did you hear about Mrs. Featherington’s investment in the Canary Staked SEI ETF?” Indeed, society would never be the same. 🫡
A Race Fit for a Novel: Canary Staked SEI ETF vs. 21Shares
The plot thickens, dear readers, as we learn that Canary Capital submitted its S-1 registration statement on April 30th-a date surely marked in many a calendar. But lo! Not even two weeks prior, 21Shares entered the fray with its own S-1 filing, naming none other than Coinbase as custodian. Could this rival proposal also include staking features? Only time-and regulatory scrutiny-will tell. 🤔
Meanwhile, the SEI token continues its delicate waltz, trading at $0.32 while clinging to horizontal support in the $0.26-$0.28 range. Resistance levels linger temptingly at $0.32-$0.33, $0.36, and $0.39. According to crypto.news, breaking free of these bounds could lead to further gains, perhaps even reaching $0.43. Dare we hope for such a triumph? Or shall gravity pull it back down like an ill-fitted corset? 🪢
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2025-09-09 12:07