SEI rockets toward $0.40 as Wall Street eyes staked ETF play—because what’s crypto without a little financialization?

SEI’s price surge isn’t just another altcoin pump—it’s a bet on institutional greed. Traders are piling in ahead of rumored staked SEI ETF filings, turning the token into this cycle’s shiny regulatory arbitrage toy.

Why the frenzy? Two words: yield capture. A staked SEI ETF would let suits collect 8-12% APY while pretending they ‘get’ decentralized finance. Never mind that the actual tech gets lost in translation between crypto natives and BlackRock’s slide decks.

Watch the $0.40 level like a hawk. Breakthrough there, and suddenly every hedge fund’s ‘digital asset strategist’ will remember they wrote a SEI research note back in 2023. Rejection? Cue the ‘long-term accumulation phase’ tweets from bagholders.

Either way—the casino stays open. Just don’t ask who’s holding the dice when the SEC comes knocking.

Looking ahead, the next immediate target for SEI price is around $0.25 — a key level where the price consolidated between Feb. 20 and early March before breaking down to the $0.22 zone. A successful breakout above $0.25 could open the door for a move toward the $0.30 level. A more ambitious target is around $0.40 — the first major lower high following the early January peak and a point of intersection with the descending trendline. A breakdown below $0.14 local support would invalidate the bullish outlook.

The key catalyst that may propel SEI price to $0.40 and above is Canary Capital’s recent registration of the Canary Staked SEI ETF Trust in Delaware. Officially filed on April 23, this statutory trust represents the first step toward launching a staked SEI exchange-traded fund in the U.S. While the filing doesn’t make the ETF tradable yet, it establishes the legal framework for holding and managing SEI assets, including staking operations designed to generate additional yield.

The next phase in the process involves Canary Capital submitting a Form S-1 to the U.S. Securities and Exchange Commission, detailing the ETF’s structure, staking mechanism, and distribution strategy for rewards. If approved, the staked SEI ETF could become one of the first staking-integrated crypto ETFs in the U.S., potentially boosting SEI’s price by attracting institutional demand.