21Shares Launches SEI ETF as Crypto Access Expands on the Sei Network

21Shares has taken a significant step in expanding cryptocurrency market access with the submission of an S-1 registration statement to the SEC for an Exchange Traded Fund (ETF) based on the Sei Network. This move introduces a new avenue for investors to gain exposure to the native SEI token, which serves as both a fee and governance tool within the network’s ecosystem. The 21Shares SEI ETF, once approved by regulators, will track the CF SEI-Dollar Reference Rate in USD, mirroring the performance of SEI tokens. While the potential for staking SEI to generate yield remains under consideration, it is not currently confirmed.