Canary’s SEI ETF Hits Key Milestone With DTCC Listing

**Canary’s Staked SEI ETF Officially Registered on DTCC Platform**

The Canary Staked SEI exchange-traded fund (ETF) has been officially registered on the Depository Trust & Clearing Corporation (DTCC) platform. While this registration does not constitute approval by the U.S. Securities and Exchange Commission (SEC), it marks a significant operational milestone and is often viewed as a positive sign by market participants.

According to DTCC records, the Canary Staked SEI ETF currently appears under the “active and pre-launch” category. This classification indicates that the ETF is technically set up for future electronic trading and clearing, pending SEC approval. However, it’s important to note that the ETF cannot yet be created or redeemed, meaning it remains non-operational despite its inclusion in DTCC’s system.

This listing is a standard step in the ETF deployment process and is often interpreted as a show of issuer confidence. As one analyst explained:

> “DTCC handles the behind-the-scenes clearing and settling for most US stocks and ETFs. Meaning this puts the SEI ETF into the usual pipeline before it shows up on brokerage platforms. Once the market sentiment turns around, SEI is going to be a big runner.”

Earlier this year, Canary Capital filed an S-1 registration statement to introduce a staked SEI ETF. At that time, the SEC maintained a cautious stance toward staking mechanisms within exchange-traded products. However, the regulatory outlook has since shifted.

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### Regulatory Developments and Clearer Framework for Crypto Staking ETFs

BeInCrypto recently reported that the U.S. Treasury and Internal Revenue Service issued Revenue Procedure 2025-31. This new guidance establishes a clear safe-harbor framework for crypto ETFs and trusts wishing to engage in staking and distribute rewards to investors.

The procedure mandates strict conditions, including:

– Holding only one type of digital asset plus cash
– Using qualified custodians for key management
– Maintaining SEC-approved liquidity policies
– Limiting activities to holding, staking, and redeeming assets without discretionary trading

These guidelines also resolve prior tax ambiguities, potentially paving the way for SEC approval of staking-inclusive products such as Canary’s SEI ETF.

Besides Canary, Rex-Osprey has also filed for a staked SEI ETF. Additionally, 21Shares is seeking SEC approval for an ETF focused on the SEI network, highlighting growing institutional interest in gaining exposure to this ecosystem.

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### SEI Network: Strong Capital Movement Amid TVL Decline

The timing of these ETF developments coincides with notable capital movement within the SEI network. According to Artemis Analytics, SEI currently ranks second in net flows over the past 24 hours, with inflows making up the majority. This suggests that investors are rotating into SEI despite broader market volatility.

Analysts are increasingly optimistic about SEI’s price potential. For example, ZAYK Charts observed that the altcoin is completing another falling-wedge cycle, indicating a possible breakout that could trigger a 100-150% rally.

However, on-chain data presents a more complex picture. Figures from DefiLlama reveal a steep contraction in the network’s total value locked (TVL) during November—the largest decline in nearly two years. Approximately 1 billion SEI tokens have been unstaked, reflecting an accelerated rate of user exits from the ecosystem.

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### Conclusion

In summary, while the Canary Staked SEI ETF’s DTCC listing remains procedural and the product is not yet operational, it represents a meaningful signal that the path toward institutional exposure to SEI is beginning to take shape. This progress occurs against a backdrop of recovering inflows and ongoing challenges within the SEI network, highlighting a nuanced but promising outlook for investors and stakeholders alike.
https://bitcoinethereumnews.com/tech/canarys-sei-etf-hits-key-milestone-with-dtcc-listing/