The Crypto 21Shares asset manager has submitted a request to the Securities and Exchange Commission of the United States for a new grant fund on SEI, the native cryptocurrency of the SEI blockchain. The proposed ETF aims to offer investors a regulated path to expose themselves to SEI via traditional investment accounts, without holding the Token directly.
In short
- 21Shares files a request for the SEI ETF from the SEC, aimed at offering regulated exposure to SEI.
- Coinbase Custody will serve as a depositary for the Sei tokens.
- SEI is negotiated around $ 0.3014; Analyst Ali Martinez notes a symmetrical triangle pattern.
Structure, pricing and potential storage of the ETI ETF
According to the deposit, the price of the ETF will be based on an index calculated by CF Benchmarks Ltd., which aggregates trading data from the main SEI platforms. This method is designed to accurately reflect the real value of the token on the market.
21Shares said that the proposed ETF could engage in SEI sting in order to generate additional yields, including potentially using liquid stoking tokens. The company stressed that no decision has yet been made, and that any stoking would depend on its evaluation that these activities can be carried out without excessive legal, regulatory or tax risk.
CUSTODY TRUST Company Coinbase would serve as a depositary For the SEI tokens, while CSC Delaware Trust Company would act as a trustee to supervise the conformity and proper functioning of the fund.
This submission comes as the interest in Crypto ETF continues to grow, although the SEC is still examining several requests for altcoin -oriented funds. The filing of the S-1 registration declaration represents a formal step in the approval process and provides details on the structure, pricing and operations of the ETF.
21Shares described this deposit as an important step in its efforts to expand the negotiated access on the stock market to the SEI blockchain. This initiative follows a similar deposit of Canary Capital, which also submitted a request to the SEC to launch an ETF based on SEI for American investors.
The two companies target institutional and individual investors who are looking for an exposure to SEI, with the possibility of generating additional yields if the Staking is implemented within the framework of a regulated fund.
SEI market trends and analysts prospects
The price of SEI has increased slightly, negotiating at around $ 0.3014, which represents an increase of more than 2 % in the last 24 hours. Market analyst Ali Martinez noted that SEI is currently in the consolidation phase in a symmetrical triangle, suggesting a period of price stability.
Martinez stressed that a break above this reason could target a price range between $ 0.36 and $ 0.50. Conversely, if the support nearly $ 0.285 fails, the token could undergo a downward pressure.
Growing interest in regulated crypto funds
Currently, the United States has approved ETF Spot only for Bitcoin and Ethereum, while other cryptocurrencies, including SEI, remain awaiting approval. This makes the ETF SEI offered part of a wider effort aimed at extending access to altcoins via regulated investment products.
Several transmitters explore ETFs for various cryptocurrencies, including XRP, Cardano and Dogecoin, signaling growing interest in providing regulated exposure to a wider range of digital assets. 21Shares currently manages the Ark 21Shares Bitcoin ETF and has also filed requests for new funds centered SUR AU, XRP and ONDO.
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