21Shares Files for SEI Spot ETF, Signaling Growing Crypto ETF Demand

Leading crypto ETP issuer 21Shares has filed an S-1 registration with the SEC for a spot SEI ETF. This move highlights growing demand for crypto ETFs and signifies potential for the Sei network’s next-generation blockchain technology. The ETF tracks SEI price, a native token of the Sei network, leveraging CF Benchmarks for accuracy and Coinbase Custody Trust Company for security. This filing marks a significant step in integrating crypto assets with traditional finance, bringing easier access to new blockchain assets and bridging the gap between them.