Canary has submitted the SEI chain's Staked ETF application materials to regulatory authorities. What seems like a simple document actually reflects a long-term capital deployment strategy.

The public market does not go through approval processes for experimental projects—they only take action for infrastructure expected to operate long-term. The most critical detail in SEI's ETF application this round is that "staking" has been incorporated into the product framework. This is not mentioned casually, but indicates that the yield mechanism has become a core part of the investment logic.

In other words, institutions no longer see staking as an ancillary yield but as a main part of their investment rationale. This shift reflects the increasing recognition of crypto assets within the traditional financial system.