The U.S. Securities and Exchange Commission has confirmed the receipt of the application documents for the Canary Staked SEI ETF. This is crucial!
You should know that if this ETF gets approved, it can not only allow us to invest $SEI directly but also earn additional SEI rewards through the staking mechanism. Currently, SEI is ranked in the top 100 of cryptocurrencies by market capitalization, and its price has been quite strong lately, rising about 7% in the last 24 hours.
Regardless of whether this application gets approved or not, the act of submitting it now has already attracted more attention to SEI. Investors see that a legitimate institution wants to turn SEI into an ETF, which indicates that this coin must have some value. As interest increases, more people might buy it, and funds could flow in, so SEI might be about to welcome a wave of market activity. We need to keep a close eye on this!
Positive news!
