Crypto Asset Manager Coinshares has launched a new Exchange-Traded product (ETP) that enables investors to get exposed to SEI
Products listed under Ticker CSEI trade on Six Swiss Exchange. This marks the first regulatory investment instrument that provides direct access to SEI, a Layer-1 blockchain designed to support fast, low-latency trading infrastructure.
Coinshares, who manages more than $8 billion in digital assets, said it aims to remove the hurdles of institutional investors who previously faced complex custody and operational requirements to access SEI.
This product is physically supported by SEI tokens and automatically distributes 2% staking yields to investors per year. It was announced that its launch was shortly after Coinshares became the first European crypto asset manager to receive the market for Crypto Assets (MICA) licenses.
ETP is passported throughout Coinshares’ European market footprint thanks to the company’s license.
Various crypto ETPs have been launched in Europe, but the adoption of these funds has lagged behind the adoption of SPOTETFs in US JustETF data.
In comparison, BlackRock’s IBIT has a net worth of over $86 billion. Spot Bitcoin
According to Sosovalue, the ETF has a total net worth of $151.4 billion.
Read more: Crypto Asset Manager Coinshares Securing MICA licenses across the EU