DTCC Lists Canary’s Staked SEI ETF as Market Eyes SEC Decision

Core Insights - The Canary Staked SEI ETF has been registered on the DTCC platform, marking a significant operational milestone, although it does not imply SEC approval [1][2][3] - The ETF is currently categorized as "active and pre-launch," indicating readiness for future electronic trading and clearing, pending SEC approval [2] - Despite its listing, the ETF cannot yet be created or redeemed, remaining non-operational, but this step is seen as a sign of issuer confidence [3][4] Regulatory Developments - The US Treasury and IRS have issued Revenue Procedure 2025-31, establishing a safe-harbor framework for crypto ETFs and trusts engaging in staking [5] - This procedure includes strict conditions such as holding only one type of digital asset plus cash, using qualified custodians, and maintaining SEC-approved liquidity policies, which may facilitate SEC approval for staking-inclusive products like the Canary SEI ETF [6] Market Trends - Other firms, including Rex-Osprey and 21Shares, are also seeking SEC approval for staked SEI ETFs, indicating growing institutional interest in the Sei Network [7] - SEI has experienced strong capital movement, ranking second in net flows over the past 24 hours, suggesting investor rotation into SEI despite broader market volatility [8]