SEC Approval Pending: Canary Staked SEI ETF Clears DTCC Hurdle
On the Depository Trust & Clearing Corporation (DTCC) platform, the Canary Staked SEI ETF is now formally registered. The fund’s official integration into the larger financial system has begun with this. The US Securities and Exchange Commission (SEC) has not given its clearance to the listing. However, it is a noteworthy operational milestone and is frequently seen as encouraging. The product presently falls under the active and pre-launch category, according to DTCC statistics. This rating shows that, subject to SEC clearance, the ETF is technically prepared for future electronic trading and clearing.
It is not yet possible to create or redeem the ETF. This indicates that even though it is part of DTCC‘s system, it is still not active. But in the process of deploying an ETF, listing is a typical stage. Market participants frequently view it as an indication of issuer confidence.
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,
an analyst
Canary Capital’s Crypto ETF Gains Regulatory Clarity for Staking
Earlier this year, Canary Capital submitted an S-1 to launch a staked SEI ETF. The SEC remained wary about exchange-traded product staking procedures at the time. The current regulatory outlook is different. Revenue Procedure 2025-31 was published by the US Treasury and Internal Revenue Service. For cryptocurrency ETFs and trusts looking to engage in staking and give investors rewards, this creates a clear safe-harbor structure. Additionally, these rules clear up previous tax ambiguities. Staking-inclusive products like the Canary’s SEI ETF may be approved by the SEC as a result.
SEI Defies Market Trends with Strong Inflows Amid Volatility
At the same time, Sei is seeing significant capital flow. The network presently ranks second in net flows over the last 24 hours, with inflows accounting for the majority, according to Artemis Analytics. Despite overall market volatility, this pattern indicates that investors are switching to SEI. On-chain data, however, gives a more nuanced picture. According to data from DefiLlama, the network’s total value locked (TVL) shrank sharply in November, marking the biggest drop in almost two years.
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