21Shares Files for SEI ETF After Canary Capital

The race to launch the first SEI ETF in the U.S. is heating up. Crypto asset manager 21Shares has filed with the SEC for an ETF that will track the price of SEI, just months after Canary Capital submitted its own application in April. This sets the stage for a head-to-head battle between the two firms to be the first to bring SEI exposure to both retail and institutional investors.

21Shares SEI ETF Filing With SEC

According to the S-1 form, Coinbase Custody Trust Company will serve as the custodian for SEI, while CF Benchmarks will provide pricing data across multiple exchanges. Interestingly, 21Shares is also considering adding SEI staking to the fund to generate extra yield. However, the firm remains cautious, citing potential tax and regulatory challenges.

21Shares described the filing as a “key milestone” in its mission to expand access to the Sei network.

Canary Capital SEI ETF Application in...

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