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21Shares Submits Application for Spot SEI ETF in the United States, Potentially Incorporating Staking
Crypto asset management firm 21Shares has submitted an S-1 registration to the US SEC for spot SEI exchange-traded funds (ETFs). This action follows a similar filing by Canary Capital in April.
We’re pleased to share that we have filed with the SEC for a SEI ETF in the U.S. – a significant step in our goal to broaden exchange-traded access to @Seinetwork. pic.twitter.com/nTuCLAjXyY
— 21Shares US (@21shares_us) August 28, 2025
According to the registration filed on Thursday, the 21Shares SEI ETF, if granted approval, would track the CF SEI-Dollar Reference Rate in USD. Additionally, the company indicated that it might participate in staking if tax regulations allow.
The proposed product seeks to “reflect rewards from staking a portion” of the ETF’s SEI tokens “without excessive legal or regulatory risk.”
This filing occurs as the US regulatory body is actively reviewing multiple altcoin ETF applications. Among various crypto ETF submissions, funds that track the price of XRP have gained traction, especially after the token has been a focal point of legal and regulatory discussions.
The filing has identified Coinbase Custody Trust Company as the custodian for the ETF, with Coinbase serving as the prime broker.
SEC’s Recent Crypto ETF Delays Are Possibly Not Denials
After several postponements, the SEC is anticipated to make decisions on numerous pending applications in October, including those related to Trump Media and Solana (SOL).
Altcoin ETF issuers are moving ahead with new amendments, hoping that the October deadlines could represent a pivotal moment for the crypto ETF market.
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The SEC recently postponed decisions regarding the approval of Truth Social’s Bitcoin and Ethereum ETF, in addition to XRP and Litecoin funds. The US regulatory agency has set October 8 as its next deadline for both Truth Social’s crypto ETF offerings.
Nate Geraci, president of NovaDius Wealth, commented on X, “crypto ETF floodgates about to open soon.”
Look at all of the crypto ETF filings out there…@JSeyff doing God’s work tracking these.
What I mean by “crypto ETF floodgates about to open soon”. pic.twitter.com/9tpcrtnQjm— Nate Geraci (@NateGeraci) August 28, 2025
“Pretty soon there will be more crypto ETF filings than stocks,” stated Bloomberg Intelligence senior ETF analyst Eric Balchunas.
SEI Token Surges Past 4% – Will it Go Further?
In the wake of 21Shares’ spot SEI ETF filing, the native token experienced a rise of 4.06% over the past 24 hours. This movement indicates a bullish chart pattern following a 60% gain over the last 90 days.
Simultaneously, SEI’s total value locked (TVL) reached $682 million, with DeFi protocols such as Dragonswap contributing to its utilization. The increase is also linked to a recent push for institutional adoption.
Circle’s IPO filing shows that by the end of 2024, the company possessed 6.25 million SEI tokens. These holdings represent the largest token on its balance sheet compared to other cryptocurrencies. Furthermore, the state of Wyoming has shortlisted SEI for its state-backed stablecoin (WYST).
SEI is currently trading at $0.302, according to CoinMarketCap data. The price trajectory of the token depends on technical advancements, institutional adoption, and growth within the ecosystem.
The post 21Shares Files for Spot SEI ETF in US, May Include Staking appeared first on Cryptonews.
