Ethereum News Today: CBOE Submits Staked Sei ETF to SEC Kicks Off Formal Review

The Chicago Board Options Exchange (CBOE) has submitted a 19b-4 form to the U.S. Securities and Exchange Commission (SEC) to pursue approval for the Canary Staked Sei ETF. This marks the beginning of a formal regulatory review and elevates the Sei blockchain’s native token, SEI, to a position alongside Solana (SOL) and Ethereum (ETH) as one of the few digital assets under consideration for a staked ETF [1]. The filing reflects growing institutional interest in regulated investment vehicles tied to blockchain technology, particularly among altcoins with strong network fundamentals and use cases [1].

The CBOE’s initiative is notable in the context of the broader altcoin ETF landscape, where demand for diversified crypto exposure is increasing. Financial firms are exploring a wider array of digital assets to integrate into institutional-grade investment products. However, regulatory progress has been cautious, with recent delays in Solana ETF decisions underscoring the SEC’s measured approach to new applications [1]. The submission of the Staked Sei ETF, therefore, represents a strategic move by CBOE to expand the range of available crypto products in a regulated environment.

Sei, a high-performance Layer 1 blockchain, has seen consistent growth since its mainnet launch two years ago. It has processed over 3.4 billion transactions and supported 115 million unique wallets, establishing itself as a key player in the blockchain space [1]. A staked SEI ETF could significantly boost the token’s visibility and demand, especially if it attracts a broader base of investors through a simplified, regulated vehicle [1]. By eliminating the need for users to interact directly with staking protocols, exchanges, or wallets, CBOE aims to streamline access to the altcoin for both institutional and retail investors [1].

Currently, SEI is trading at $0.3218, having dropped 1.8% in the past 24 hours amid broader market weakness. While the token gained over 5% in the previous week, recent price action suggests further corrections before a potential rebound [1]. The declining trading volume—down 16%—and bearish indicators such as the RSI and MACD suggest weakening momentum. However, some market observers remain optimistic. For example, Sei Intern, a notable figure in the Sei community, has identified $0.32 as a key support level and forecasts potential price targets of $0.72, $1.32, and $1.50 in the near to medium term. In the long term, he anticipates a price range of $15–$20, contingent on favorable market conditions and increased adoption [1].

The CBOE filing aligns with broader industry trends, as staked ETFs gain traction following the approval of Bitcoin and Ethereum spot ETFs in early 2024 and 2025, respectively. The inclusion of SEI in this space could provide a confidence boost for altcoins with strong fundamentals and use cases. It also highlights the growing legitimacy of Sei within the crypto ecosystem and its potential as a viable asset for institutional investment [1].

As the SEC’s formal review process begins, market participants will closely watch for any developments. If approved, the Staked Sei ETF could shape the broader altcoin market by making the token more accessible to a wider investor base and reinforcing its position as a key player in the evolving crypto landscape [1].

Source: [1] CBOE submits Canary Staked Sei ETF to SEC, kicking off formal review (https://invezz.com/news/2025/08/19/cboe-submits-canary-staked-sei-etf-to-sec-kicking-off-formal-review/)