Sei starts to turn his head again. The price is climbed, and now there is a new media threw thanks to a new FNB deposit. Canary Capital has just submitted an S-1 form in the United States to something called the SEI FNB in Canariy. If it is approved, it would allow investors to follow the price of SEI and win an additional pace of the pace, without the need to hold the token themselves. Cointelegraph announced the news on X.
Meanwhile, the price sei also warms up. It is negotiated at around $ 0.2257, up almost 8% in the last 24 hours. The volume of exchanges jumped almost 60%, which generally indicates an increasing interest. With the graph and large lined up titles, many on the market watch carefully to see if this momentum can pass in May.
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The deposit of the SEC, submitted on April 30, 2025, describes the launch of a marked ETF product managed by Canary Capital Group. According to the document, this fund is designed to reflect the SEI market price while providing additional return on the basis of native features. The structure of the ETFs could provide institutional and detail investors an exposure to the SEI ecosystem without managing private keys or direct police custody.
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🚨 Just in: Canary Capital officially deposited an S-1 for a marked ETF.
The fund aims to follow the price of $ Sei While offering additional return thanks to the participation in the network's point of sale mechanism. pic.twitter.com/mynuwcgey5
– Cointtelegraph (@cointelegraph) May 1, 2025
Steven McClurg, listed as a Canary Capital representative, oversees the proposal. The legal representation is provided by Chapman and Cutler LLP. The ETF, if it was approved, would represent one of the first to combine implementation awards with prices monitoring on a regulated American market.
Sei Price Technical Breakout on the daily graphic
The SEI graph shows a clear overthrow of a prolonged downward trend which has passed from the end of 2024 at the beginning of 2025. The price structure formed a rounded background before recovering the support area from $ 0.20 to $ 0.25. Since then, Sei Price has rallied vertically.
A key resistance level is marked at $ 0.7480, which could act as the next price target. Support levels now rest around $ 0.45 and $ 0.25. The configuration resembles a classic cup and sleeve break, generally interpreted as a strong continuation signal in technical analysis.
Expansion of the SEI ecosystem and market feeling
The SEI rally is also supported by developments within its blockchain ecosystem. According to the best Friedrich analysts on X, the SEI V2 upgrade introduced the compatibility of the Ethereum virtual machine (EVM), expanding access to the developer. The ecosystem also includes a fund of $ 50 million supporting more than 100 projects, with platforms like Yei Finance ($ 141 million TVL), Dragonswap and Silo Playing contributing to the growth of the challenge.
The NFT and the adoption of games also increase. Projects like Seiyans and Double Jump are actively built in the infrastructure of SEI, supported by a creator fund of $ 10 million. Consequently, the technical and fundamental elements are currently aligned in favor of the price of sei prices.
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