Crypto asset supervisor 21Shares has filed an S-1 registration with the US SEC for spot SEI exchange-traded funds (ETFs). The agency follows Canary Capital’s comparable submitting in April.
We're excited to announce that we've filed with the SEC for a SEI ETF within the U.S. – a key milestone in our imaginative and prescient to increase exchange-traded entry to @Seinetwork. pic.twitter.com/nTuCLAjXyY
— 21Shares US (@21shares_us) August 28, 2025
Per the registration submitted Thursday, the 21Shares SEI ETF, if permitted, would observe the CF SEI-Greenback Reference Price in USD. Additional, the corporate acknowledged that it could interact in staking if tax standing permits.
The proposed product goals to “mirror rewards from staking a portion” of the ETF’s SEI tokens “with out undue authorized or regulatory danger.”
The submitting comes at a time when the US regulatory company is eager on reviewing a number of altcoin ETF purposes. Amongst different crypto ETF filings, funds monitoring the value of XRP have gained momentum, notably after the token has lengthy been on the middle of authorized and regulatory debates.
The submitting has named Coinbase Custody Belief Firm because the ETF’s custodian, with Coinbase appearing as prime dealer.
SEC’s Latest Crypto ETF Delays Are Probably Not Denials
Following a number of delays, the SEC is predicted to situation selections on a number of pending purposes in October, together with merchandise tied to Trump Media and Solana (SOL).
Altcoin ETF issuers are urgent ahead with new amendments, hoping that October deadlines might be a turning level for the crypto ETF panorama.
The SEC lately delayed selections on the approval of Reality Social’s Bitcoin and Ethereum ETF, in addition to XRP and Litecoin funds. The US watchdog has marked Oct. 8 as its subsequent deadline for each Reality Social’s crypto ETF merchandise.
Nate Geraci, president of NovaDius Wealth, wrote on X, “crypto ETF floodgates about to open quickly.”
Take a look at all the crypto ETF filings on the market…@JSeyff doing God's work monitoring these.
What I imply by "crypto ETF floodgates about to open quickly". pic.twitter.com/9tpcrtnQjm— Nate Geraci (@NateGeraci) August 28, 2025
“Fairly quickly there will probably be extra crypto ETF filings than shares,” mentioned Bloomberg Intelligence senior ETF analyst Eric Balchunas.
SEI Token Surges Previous 4% – Will it Go Additional?
Following the 21Shares’ spot SEI ETF submitting, the native token rose 4.06% previously 24 hours. The transfer alerts bullish chart construction after a 60% 90-day acquire.
Parallelly, SEI’s TVL hit $682 million with DeFi protocols like Dragonswap driving utilization. The surge can also be attributed to the current institutional adoption drive.
Circle’s IPO submitting reveals that by the top of 2024, the corporate held 6.25 million SEI tokens. The holdings take advantage of vital token on its stability sheet in comparison with different crypto. Apart from, the state of Wyoming shortlisted SEI for its state-backed stablecoin (WYST).
SEI is seen buying and selling at $0.302 at press time, per CoinMarketCap information. The token’s worth trajectory hinges on technical upgrades, institutional adoption, and ecosystem development.
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