21Shares has submitted a form S-1 to the SEC for the 21Shares Sei ETF, which aims to provide direct exposure to SEI, the Sei Network’s native cryptocurrency. The ETF would use Coinbase Custody Trust Company for custody services and rely on CF Benchmarks for net asset value calculations based on the CF SEI-Dollar Reference Rate. The filing also indicates that staking of SEI tokens may be implemented, pending regulatory approval. 21Shares is known for pioneering the first physically-backed crypto exchange-traded product and has expanded its offerings significantly since its inception. If approved, the Sei ETF will join existing bitcoin and ether ETFs, along with pending applications for Solana and XRP. This development marks a significant expansion in the availability of crypto-based financial products.

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