21Shares Files with SEC for SEI ETF to Track Sei Network Token2

21Shares has applied to the U.S. Securities and Exchange Commission (SEC) to launch a new SEI ETF as part of its efforts to expand its digital asset products.

Filed on August 28, 2025, the 21Shares SEI ETF will give investors a way to invest in SEI, the token of the Sei Network. The fund will simply follow SEI’s price and will not use complex trading strategies.

New SEI ETF Filing to Track Price and Enable Staking

The SEC filing states that the proposed SEI ETF will give investors exposure to SEI, the native token of SEI’s network.The fund tracks SEI’s price performance and avoids leverage, derivatives, or risky trading strategies.

The SEI ETF will price its shares daily using the CF SEI-Dollar Reference Rate–New York Variant, a benchmark calculated by CF Benchmarks Limited, as noted in the filing.

To follow legal and tax rules, the fund plans to stake through third-party service providers to earn rewards.

Although the SEC is exercising caution in approving new crypto funds and has postponed its decision on the 21Shares Polkadot ETF filing, the firm hopes that the regulator won’t delay approving the filing.

SEI ETF to Rely on Coinbase Custody for Security

Meanwhile, the Coinbase Custody Trust will hold SEI tokens for 21shares on behalf of investors. The assets will be held in cold storage facilities, and private keys will be kept offline to reduce the risk of loss and theft.

In addition, Large financial firms will be able to swap SEI for ETF shares or redeem shares back into SEI, and they may also transact in cash. The Trust, which can only trade SEI when creating or redeeming shares, will use approved counterparts to convert this cash into SEI.

Although the filing emphasizes that the ETF is not a direct investment into SEI, potential investors will also be able to invest in the fund through regular brokers without needing to hold or transfer the tokens themselves, making it safer for them to benefit from SEI’s growth.