Asset management company 21Shares has filed with the Securities and Exchange Commission to launch an exchange trading fund that tracks native tokens for the SEI blockchain.
The proposed 21 share SEI ETF offers additional yield possibilities by staking rewards while providing investors with exposure to SEI. Registration statement Submitted on Thursday.
We look forward to announce our submission to the US SEI ETF. pic.twitter.com/ntuclajxyy
– 21Shares US (@21Shares_us) August 28, 2025
After the successful launch of Spot Bitcoin and Ethereum ETF in 2024, fund managers are targeting smaller digital assets, including Solana, Dogecoin, XRP and other Altcoin under the crypto-friendly Trump administration.
The main purpose of the trust is to “try to track the performance of the SEI” and its secondary focus is to generate “rewards from staking some of the Trust’s SEIs.”
“It is likely that 21Shares SEI ETFs will be accepted and will be available alongside Bitcoin and Ethereum ETFs,” said Krishnendu Chatterjee, CEO and co-founder of A2ZCryptoInvestment. Decryption.
“The 21-share SEI ETF is a step towards a broader application towards regulated ALT investments (including staking benefits),” he added.
Still, 21Share confirmed that it has yet to conclude that staking can be offered under a public trust structure, according to the prospectus.
According to the filing, the trust will use Coinbase Custody Trust Company as the main custodian of SEI Holdings, and Coinbase Inc. will act as the main broker of trading activities.
This move will be added to the canary capital submission First SEI ETF Application In May, they also share similar staking goals.
Multiple Crypto ETF applications will close play and Face SEC decisions in October, with regulators extending review period Spot XRP Fund From several publishers Solana ETF proposalespecially.
Industry experts are widely used I look forward to it Batches of approvals starting in October based on established list criteria.
“Together with digital asset financing companies, ETFs will provide exposure to the institution’s new asset class, but that will be no exception and a new normal,” Chatterjee said, “XRP, Solana and Avax ETFs are likely to be approved by the end of the year, if not until October.”
Become It is currently ranked as the 74th largest crypto with around $1.82 billion by market capitalization.
The token has traded about $0.30 after recent profits. Co Ringeckohowever, it is about 73.7% less than the all-time high of $1.14 in March 2024.