21Shares seeks the launch of SEI ETF with a potential yield for US investors.

The 21Shares asset management firm has presented to the stock exchange and securities commission to launch a bottom -listed background that tracks the Native token Blockchain.

The 21SHARES SEI ETF proposed would offer exposure to investors to SEI while providing the additional performance potential through reference rewards, according to a Registration declaration Filed on Thursday.

After successful launches of the ETF Spot Bitcoin and Ethereum in 2024, fund managers are pointing to smaller digital assets, including Solana, Dogecoin, XRP and other Altcoins under a Trump Trump friendly with cryptography.

The main objective of the trust is “to seek to track SEI’s performance”, with a secondary approach to generate “rewards to replace a part of the SEI of the trust,” says the presentation.

It is “very likely that the ETF SEI of 21Shares will be accepted and would be available along with the Bitcoin and Ethereum ETF,” said Krishnendu Chatterjee, CEO and co -founder of A2ZCryptoinvestment, A said said Decipher.

“21Shares SEI ETF is a step towards a broader application towards regulated alternative investment (including the benefits of rethinking),” he added.

Even so, 21Shares confirmed that it has not yet concluded that the rethinking can be offered under a public confidence structure, according to the prospect.

The trust will use Coinbase Custody Trust Company as its main custodian for Sei Holdings, while Coinbase Inc. will serve as the main corridor for commercial activities, according to the presentation.

The movement adds to the presentation of Canary Capital of The first SEI ETF application In May, which also shares similar bets.

Multiple ETF requests are now at stake and face the decision of the SEC in October, with regulators that extend periods of review for Spot XRP funds of several emitters and Solana ETF proposalsinter alia.

Industry experts widely wait A batch of approvals that begin in October based on established listing standards.

“Together with digital assets treasury companies, ETFs provide exposure to a new class of assets for institutions, and it is no exception, but it would become a new normality,” said Chatterjee, pointing out “the ETF XRP, Solana and Avax have high possibilities of being approved for the end of the year, even if not in October.”

Sei It is currently located as the largest 74a crypto for market capitalization by approximately $ 1.82 billion.

The Token quote around $ 0.30 after recent profits, according to Coingckoalthough it remains around 73.7% below its historical maximum of March 2024 of $ 1.14.