Sei Ecosystem Continues Momentum with Landmark ETF Filing in the U.S.
NEW YORK - April 30, 2025 - In a landmark moment for the Sei ecosystem, Canary Capital has filed an S-1 with the US Securities and Exchange Commission (SEC) to register the first-ever SEI-based Exchange Traded Fund (ETF) in the US. The proposed ETF would offer institutional and retail investors direct exposure to staked SEI, the native token of Sei Network, through a regulated, conventional, and accessible investment vehicle.
Pending SEC approval, the ETF’s structure will offer passive income via staking rewards. Similar to other crypto filings from Canary Capital, the SEI fund would stake a portion of spot tokens to earn additional yield - bringing key onchain use cases into traditional finance
“ETFs continue to serve as a gateway for broader adoption, providing a vital bridge between crypto and mainstream markets,” commented Justin Barlow, Executive Director at the Sei Development Foundation. “This proposed ETF potentially opens the door for wider participation from investors who demand institutional-grade performance with mainstream accessibility.”
Canary Capital’s filing highlights growing institutional recognition of the Sei network’s leading position as a high-performance EVM-compatible blockchain. With a native architecture that prioritizes scalability and transaction parallelization, Sei is uniquely positioned to support the next generation of digital asset markets and decentralized finance, decentralized science, artificial intelligence, gaming, and more.
As a high-performance layer 1 blockchain, Sei combines the tooling flexibility of the Ethereum Virtual Machine (EVM) with breakthrough parallelized execution, achieving up to 50x throughput improvements without compromising compatibility or developer experience. The network’s Giga upgrade unlocks up to 5 gigagas per second, enabling entirely new application categories with near-instant finality and sub-second transaction speeds.
As a result, Sei’s unique architecture makes it an ideal backbone for high-frequency, data-intensive, and compliance-sensitive applications. As institutions, enterprises, developers, and traders continue to demand increased speed, scalability, and simplicity, Sei’s modular infrastructure is attracting the next generation of builders and institutional players.
About Sei
Sei is a Layer 1 blockchain that combines the advantages of Ethereum and Solana: the dominant development standard of Ethereum with the performance of Solana. Sei launched its mainnet in 2023, and has since processed billions of transactions across more than 18 million wallets. Currently on Devnet, Sei’s V3 Giga update will make Sei 50x more performant than any existing EVM chain, serving as a groundbreaking new scaling approach for the Ethereum ecosystem. The team is backed by Multicoin, Jump, Coinbase Ventures, and many more.
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