21Shares seeks SEC approval for the SEI ETF, focused on staking potential
17:15 ▪ 4 min read
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The cryptocurrency asset manager 21Shares has submitted an application to the U.S. Securities and Exchange Commission for a new exchange-traded fund linked to SEI, the native cryptocurrency of the Sei blockchain. The proposed ETF aims to provide investors with a regulated route to gain exposure to SEI through traditional investment accounts, without directly owning the token.
In summary
21Shares files for SEI ETF with the SEC, aiming to offer regulated exposure to SEI.
Coinbase Custody will serve as the custodian of the SEI tokens.
SEI trades around $0.3014; analyst Ali Martinez notes a symmetrical triangle pattern.
Structure, price, and staking potential of the SEI ETF
According to the filing, the price of the ETF will be based on an index calculated by CF Benchmarks Ltd., which aggregates trading data from major SEI platforms. This method is designed to accurately reflect the real market value of the token.
21Shares has indicated that the proposed ETF may participate in SEI staking to generate additional yields, potentially including the use of liquid staking tokens. The company emphasized that no decision has been made yet and that any staking will depend on its assessment that such activities can be conducted without undue legal, regulatory, or tax risks.
