21Shares immediately filed a type S-1 with the Securities and Change Fee, searching for to register the 21Shares Sei ETF, a belief providing direct publicity to SEI, the Sei Community’s native token.
The submitting names Coinbase Custody Belief Firm because the ETF’s custodian, with Coinbase, Inc. performing as prime dealer. Internet asset worth can be calculated utilizing the CF SEI-Greenback Reference Charge — New York Variant, revealed by CF Benchmarks, which aggregates costs throughout a number of spot venues to make sure transparency and cut back reliance on any single market feed.
The submitting additionally permits for discretionary staking of SEI if regulators and tax authorities decide it will not compromise compliance.
21Shares is a crypto-native ETP supplier that pioneered the world’s first physically-backed crypto exchange-traded product (ETP) — dubbed “HODL” — on the SIX Swiss Change.
By the tip of 2024, it was one of many largest international issuers of crypto ETPs with 44 listed merchandise in quite a few currencies. The corporate raised funding in 2022 at a valuation of round $2 billion and is now a part of the 21.co Group.
