Asset management company 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that will track the Sei blockchain’s native token, SEI.
According to the registration statement ,the filing states that the 21Shares SEI ETF would provide investors with exposure to SEI and investigate the option of delivering staking rewards as extra yield. The main aim of the Trust is “to attempt to mirror the performance of SEI,” while one of its secondary goals is to produce returns by staking some of the fund’s SEI assets.
We're excited to announce that we've filed with the SEC for a SEI ETF in the U.S. – a key milestone in our vision to expand exchange-traded access to @Seinetwork. pic.twitter.com/nTuCLAjXyY
— 21Shares US (@21shares_us) August 28, 2025
Altcoin ETFs in a Cryptocurrency-friendly environment
The submission follows the successful endorsement of spot Bitcoin and Ethereum ETFs in 2024, paving the way for smaller altcoin ETFs under the crypto-supportive Trump administration. Fund managers are currently competing to broaden their offerings to include Solana, XRP, Dogecoin, and AVAX, among others.
Krishnendu Chatterjee, the CEO of A2ZCryptoInvestment, remarked: “The 21Shares SEI ETF signifies progress in the wider acceptance of regulated alternative investments, which encompasses staking advantages. It’s very probable that the ETF will be approved and traded alongside Bitcoin and Ethereum ETFs.
Nonetheless, 21Shares warned that a conclusive decision has yet to be reached on whether staking can be provided within the public trust framework.
Custody and market standing
The Trust will depend on Coinbase Custody Trust Company as its custodian and Coinbase Inc. as its primary broker for trading operations. The decision also comes after Canary Capital’s SEI ETF application in May, which outlined comparable staking goals.
Several ETF proposals are currently awaiting SEC evaluation, with decision deadlines scheduled for October. These consist of spot XRP and Solana ETF applications, which experts think may receive approvals by the end of the year.
SEI is presently the 74th biggest cryptocurrency, boasting a market capitalization of $1.82 billion. The token is priced at approximately $0.30, having increased recently but remaining 73.7% lower than its all-time high of $1.14 reached in March 2024, as per CoinGecko.