21Shares filed an S-1 registration statement with the Securities and Exchange Commission on Thursday for a Sei ETF as the regulatory agency continues to review several applications for altcoin exchange-traded funds.
The firm also said in its prospectus that it would like to explore a staking SEI. 21Shares said it aimed for the proposed ETF to “reflect rewards from staking a portion” of the fund’s SEI tokens although the SEC has largely yet to approve of staking for ETFs.
Other proposals to add staking to spot Ethereum ETFs issued by Grayscale, BlackRock, and 21Shares have yet to secure approval. On Thursday, the SEC delayed making a decision on Grayscale’s request to add staking to its ETH fund.
21Shares’ proposed fund, dubbed 21Shares Sei ETF, seeks to offer direct exposure to the price of SEI, the native cryptocurrency of the Sei network.
The number of applications for altcoin-based ETFs is piling up at the SEC with proposals for funds tracking Litecoin, Solana, Dogecoin, XRP, and others all awaiting approval.
The SEC recently delayed approving Bitcoin and Ethereum exchange-traded funds issued by Truth Social, a social media platform operated by Trump Media & Technology Group.
In terms of the SEC allowing staking of ETFs, Nate Geraci, president of NovaDius Wealth, said earlier this month he thought the agency is closer to making a ruling on the matter. That came after the SEC said certain liquid staking activities do not involve securities.
In May, the SEC’s Division of Corporation Finance said that certain blockchain staking activities don’t involve the offering of securities, which some took to mean that staking could be allowed in crypto ETFs.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
