The Chicago Board Options Exchange (CBOE) has submitted a 19b-4 form to the US Securities & Exchange Commission, pursuing approval for Canary’s Staked Sei exchange-traded fund. The filing has drawn attention as it officially kick-starts a formal review, positioning SEI at par with Solana and Ethereum in the staked exchange-traded funds race. According to the Sei team: This CBOE filing initiates the SEC’s formal review process of the Staked SEI ETF, joining ETH and SOL as one of the few staked ETF digital assets at this stage. Sei @SeiNetwork · Follow CBOE has filed the Canary Staked SEI ETF 19b-4 with the SEC.This @CBOE filing initiates the @SECGov ’s formal review process of the Staked SEI ETF, joining ETH and SOL as one of the few staked ETF digital assets at this stage.Regulated access to SEI is accelerating. ($/acc) 12:45 AM · Aug 19, 2025 401 Reply Copy link Read 32 replies The move underscores growing institutional momentum around Sei, especially with the increasing interest in regulated investment products linked to blockchain. Moreover, the development reflects the soaring appetite for altcoin ETFs as fintech firms seek diversity. Companies are exploring alternative crypto exchange-traded funds beyond the leading Bitcoin and Ethereum. Meanwhile, the SEC has been slow to authorize these financial instruments. It recently delayed a decision on three Solana ETF proposals . Nevertheless, Bitcoin’s spot ETF approval in January 2024 and Ethereum’s in 2025 opened the gates for broader adoption of crypto funds. SEI’s rise into the spotlight The L1 network has gained traction in recent months, with its stable performance drawing institutional players. The Sei mainnet went live two years ago, promising high-performance infrastructure for digital currency markets. It has handled over 3.4 billion transactions, 162 million blocks, and 115 million unique wallets. Sei has carved a niche that prioritizes speed and scalability in the blockchain industry. A staked SEI exchange-traded fund would bolster investor exposure and validate the project’s appeal and long-term potential. That will enrich institutional adoption as traditional companies explore regulated ways to join the cryptocurrency bandwagon. For the Sei community, the CBOE’s filing is crucial as it positions the altcoin among the few considered assets for staking ETFs. With the review process underway, SEI has joined the league of Solana and Ethereum in the altcoin exchange-traded funds race. Such developments magnify confidence in a project’s future potential. By supporting staked Sei ETFs, CBOE wants to offer mainstream investors an opportunity to gain exposure to SEI without additional tasks like interacting with staking protocols, exchanges, and wallets. If approved, the SEI ETF could enrich demand for the altcoin by making it accessible to a massive investor base. SEI price outlook The alt hovers at $0.3218, reflecting the broad market weakness with a 1.8% slide in the past 24 hours. SEI gained over 5% in the previous week, but prevailing sentiments suggest further corrections before bounce-backs. Chart by Coinamrketcap The 16% decline in trading volume suggests dwindling interest in the token. Also, the RSI and MACD indicate weakening momentum. Nonetheless, enthusiasts predict imminent uptrends. For instance, Sei Intern highlighted $0.32 as a crucial level for the digital coin. The chart shows SEI can experience a more than 120% surge to the $0.72 target. Sei Intern (Unofficial) @seiintern_ · Follow $SEI sitting at $0.32 is coiling up. 📈Momentum building → charts lining up → breakout looks inevitable.Targets on my radar:→ $0.72→ $1.32→ $1.50Longer horizon? $15–20 isn’t off the table.Markets Move Faster on $SEI . ⚡ 2:10 AM · Aug 17, 2025 328 Reply Copy link Read 15 replies Sei Intern believes the materializing momentum could propel the alt’s price to $1.32 and $1.50. Furthermore, he projects $15 – $20 as a long-term target amidst a full-blown altseason. The post CBOE submits Canary Staked Sei ETF to SEC, kicking off formal review appeared first on Invezz
