CoinShares Introduces Zero-Fee SEI ETP Offering 2% Staking Yield
CoinShares has launched a new exchange-traded product (ETP) for Sei (SEI), offering investors:
- No management fees
- A 2% staking yield
- Listing on the SIX Swiss Exchange under ticker CSEI
This ETP is the first regulated investment vehicle providing direct access to SEI, a Layer-1 blockchain focused on high-speed trading. CoinShares, managing over $8 billion in digital assets, aims to simplify access for institutional investors facing complex custody issues.
The product is backed by SEI tokens and automatically distributes an annualized staking yield of 2%. This launch follows CoinShares obtaining a Markets in Crypto Assets (MiCA) license.
The ETP is available across CoinShares’ European market footprint. While various crypto ETPs exist in Europe, their adoption remains lower compared to U.S. spot ETFs. As of now, there are 108 crypto ETPs with approximately €13.92 billion ($16.21 billion) in assets, contrasted with BlackRock’s IBIT having over $86 billion and total net assets for spot bitcoin ETFs at $151.4 billion.