21Shares has taken a significant step forward by submitting an S-1 registration statement to the Securities and Exchange Commission (SEC) for its proposed Sei ETF. This fund aims to provide investors direct exposure to SEI tokens from the Sei network, while also offering staking rewards as part of its investment strategy. The SEC is currently facing a backlog of applications for alternative cryptocurrencies ETFs (altcoin ETFs), with the agency yet to approve any proposals involving staking mechanisms. 21Shares’ filing marks a bold attempt at introducing this unique feature into the cryptocurrency ETF landscape, which could have significant implications for investor participation in digital assets.