Race for First SEI ETF Heats Up as 21Shares Files with SEC

The race to launch the first Securities-Exchanged Traded (SEI) fund in the United States is gaining momentum. Crypto asset manager 21Shares has filed a proposal with the US Securities and Exchange Commission (SEC), aiming to track SEI’s price, mirroring the move made by Canary Capital earlier this year. This sets up a potential head-to-head competition between these two firms to become the first to bring SEI exposure to both individual and institutional investors.