Crypto asset manager 21Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to the SEI token.
According to the S-1 registration filed on Thursday, the ETF will track SEI’s market value using the CF SEI-Dollar Reference Rate, developed by CF Benchmarks. The benchmark aggregates pricing data from multiple cryptocurrency exchanges, ensuring standardized valuation. Shares of the fund will be priced daily based on this index.
The ETF is designed as a passive vehicle, meaning it will reflect SEI’s spot price without employing leverage, derivatives, or speculative trading strategies. Coinbase Custody Trust Company has been appointed to safeguard the fund’s SEI holdings.
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