Crypto asset manager 21Shares has officially filed its application with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to the price of SEI, the native token on the SEI Network. This follows a similar filing in April by Canary Capital, indicating increased institutional interest in this relatively new blockchain. The S-1 registration statement outlines plans to track SEI’s price using data from multiple exchanges and includes Coinbase Custody Trust Company as the custodian for SEI holdings. 21Shares is also exploring the potential of incorporating staking into the fund, although further evaluation regarding legal, regulatory, and tax implications is underway.