Sei Faces Pullback, But ETF Filing Could Supercharge Institutional Adoption

Sei's price takes a hit—just another Tuesday in crypto. But Wall Street might be coming to the party.

ETF Filing Drops

A major institution just filed for a Sei-focused exchange-traded fund. That’s not a rumor; it’s paperwork. And in TradFi land, paperwork moves markets.

Institutional Eyes on Sei

Hedge funds, family offices—they’ve been circling. An ETF doesn’t just mean liquidity; it means legitimacy. The kind that makes pension fund managers finally stop pretending they don’t know what a blockchain is.

Short-Term Pain, Long-Term Play?

The pullback’s real. Tokens dip, paper hands fold. But if that ETF gets a nod? Watch institutional money do what it does best: show up late and drive the price. Classic.

Sei’s tech stays sharp—high throughput, low fees. Now it might get a Wall Street stamp. Because nothing says 'disruptive tech' like a traditional financial product wrapped around it.

• SEI gains attention as CBOE files an SEC application for the Canary Staked SEI ETF, boosting adoption hopes.
• Sei is down -7.23% in 24 hours and now trading at $0.2991 with a $1.80B market cap.
• The TD Sequential indicator signals a bullish setup, hinting that the pullback could be a healthy correction.

Sei (SEI) is experiencing bearish pressure after a strong run earlier this month. At the time of writing, SEI is trading at $0.2991 and has seen a -7.23% decline in the past 24 hours. The token’s 24-hour trading volume stands at $309.51 million, while its market capitalization is $1.80 billion, highlighting sustained investor interest despite the recent pullback.

CBOE Files SEC Application for Sei ETF

In a significant move, SeiNetwork reported that CBOE, one of America’s biggest exchanges, which accounts for about 10% of all equity volume, has formally filed a 19b-4 filing with the SEC.

The filing is for the prospective Canary Staked SEI ETF, a product that might introduce SEI to mainstream investment spaces. If approved, it WOULD be one of the few digital assets offered through mainstream financial infrastructure.

CBOE is one of the largest US exchanges, handling 10% of all equities volume.

They've submitted the 19b-4 filing for the Canary Staked Sei ETF to the SEC.

If approved, SEI would join a select set of digital assets available through traditional market infrastructure.

($/acc) pic.twitter.com/UUIjkQ9njO

TD Sequential Flashes Bullish Signal for Sei Price

Further fueling this momentum, prominent crypto analyst Ali Martinez noted that SEI has been closely following the TD Sequential indicator over the last three weeks. According to the latest signal, the setup is now indicating a buy opportunity, suggesting that the recent pullback could be a healthy correction before an upswing.

On the brink of a possible ETF approval and increased focus on technical indicators, the token might be on the cusp of a fresh period of expansion. Though short-term fluctuations are present, the project advances toward institutional adoption and has attracted notice among market observers.

The SEI derivative market registered a slowdown as trading volume and open interest fell. Volume fell -18.94% to $396.68 million, and open interest dropped -2.40% to $282.48M. The decline suggests cooling activity, with fewer positions being opened as price action remains relatively range-bound.

On the funding side, the OI Weighted Funding Rate was at -0.0112%, which is indicative of a bearish inclination. This shows that short positions are modestly on top, as sellers are willing to pay longs to keep their positions open. Such indicators are typically indicative of cautious sentiment, as investors expect further downside pressure in the short term.