21Shares, a crypto investment firm based in Switzerland, has filed a new S-1 registration with the SEC for the 21Shares SEI ETF. This passive fund would track the performance of the CF SEI-Dollar Index.
A unique feature of this filing is the inclusion of a staking rewards component. The fund's sponsor can choose to reflect rewards from staking a portion of the SEI tokens it holds, but only if they determine there are no legal or tax risks. This optional staking feature is highly dependent on regulatory approval. Given that the SEC has been slow to approve staking features in other crypto ETFs—like those for Grayscale's spot ETH funds—it's unlikely this feature will be available at launch.
The announcement caused a positive short-term reaction for the SEI token, which saw its price rise by over 3% to trade around $0.30. Technical analysts believe the token is poised for a rebound, as its price has bounced off a key support level and shows signs of a bullish pattern. The fund's potential to attract institutional capital could lead to further growth, though investors should remain cautious.
August 2025, Cryptoniteuae