21Shares Files for Landmark Sei ETF, Proposing Integrated Staking Feature

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Asset manager 21Shares has submitted an S-1 registration to the US Securities and Exchange Commission (SEC) for a spot Sei ETF.

A key differentiator in the filing is the firm’s proposal to incorporate staking rewards for the fund’s holdings of SEI, the native token of the Sei network.

This filing arrives as the SEC is reviewing a growing queue of applications for altcoin-based ETFs, including funds tied to Solana, XRP, and Litecoin.

The regulator has historically been hesitant to approve staking within ETFs, recently delaying a similar proposal from Grayscale for its Ethereum ETF. The 21Shares Sei ETF aims to provide investors with direct exposure to SEI’s price, potentially enhanced by staking yield, pending definitive SEC approval.