21Shares Files Spot SEI ETF Registration

The crypto property supervisor 21Shares has simply filed a Kind S-1 with the U.S. Securities and Change Fee (SEC) to launch a 21Shares Sei ETF on August 29. SEI is the native token of the Sei Community.

BREAKING: 21Shares recordsdata S-1 with SEC to situation a SEI ETF. pic.twitter.com/eJDlPTjS75

— Sei (@SeiNetwork) August 28, 2025

If accredited, this could be the primary fund within the U.S. that lets buyers get publicity to the SEI token by way of a regulated product. In response to the submitting, Coinbase Custody will act as custodian, whereas Coinbase itself will function prime dealer. The fund’s web asset worth will likely be tracked utilizing the CF SEI-Greenback Reference Charge – New York Variant, a benchmark that pulls value information from a number of exchanges to make sure equity and accuracy.

For extra: Analyzing the Increase of Crypto ETFs in 2025

Moreover, the filling additionally mentions that the 21Shares fund may use SEI tokens to stake if being allowed by the regulators and tax authorities. Through which, the rewards from staking may generate additional returns for buyers.

Shares of the fund might be created and redeemed both in money or straight with SEI tokens, by way of chosen counterparties accredited to deal with the method. 

For extra: Altcoin ETFs After Solana – XRP, ADA, AVAX Subsequent in Line

This transfer comes as curiosity in altcoin ETFs is heating up. Corporations like VanEck, Bitwise, and Grayscale have additionally utilized for ETFs tied to Solana, XRP, and Cardano. Analysts at Bloomberg say approval probabilities for these merchandise are above 90%. 

NEW: @EricBalchunas & I are elevating our odds for the overwhelming majority of the spot crypto ETF filings to 90% or larger. Engagement from the SEC is a really optimistic sign up our opinion pic.twitter.com/5dh8G8rK6Y

— James Seyffart (@JSeyff) June 20, 2025

If the Sei ETF from 21Shares is accredited, it could give buyers an easier option to entry with SEI token and present how digital property have gotten extra linked with conventional markets.