21 Shares applies for spot Sei ETF

On August 28, 2025, 21 Shares, a leading global issuer of cryptocurrency exchange-traded products (ETPs), submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC), planning to launch a spot exchange-traded fund (ETF) that tracks the price of SEI, the native token of the Sei network. This move marks a new wave of excitement in the cryptocurrency ETF market and provides investors with convenient access to emerging blockchain assets. 21 Shares' application not only reflects the rapid evolution of the crypto market but also highlights the potential of the Sei network as a Layer-1 blockchain. This article will use this event as a starting point to delve into the significance of crypto ETFs and the unique value of the SEI token and the Sei network.

21 Shares' Spot Sei ETF: Details and Meaning

21 Shares' spot Sei ETF is designed to track the price performance of the SEI token through the CF SEI-Dollar Reference Rate provided by CF...

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