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Crypto Asset Manager 21Shares has filed an ETF SPOT SEI (SEI) (negotiated funds on the stock market), joining a wave of 92 companies which, according to Bloomberg, rush to launch cryptographic ETF.
According to an S-1 registration Declaration filed with the Securities and Exchange Commission (SEC), the ETF SEI proposed will use the cf benchmarks of the Crypto price index to follow the price of the Altcoin by using data from various Crypto exchanges.
Coinbase Pustody Trust Company would act as a guardian of the proposed fund. 21Shares also launched the idea of marked out to generate additional yields for investors. However, this addition is still the subject of a survey to see if it would present “excessive legal, regulatory or tax risk”.
The ranking of the 21 actions comes in the middle of an increase in Crypto ETF applications. On at least 92 ETF Crypto who are currently waiting for approval of the dry, Bloomberg Intelligence James Seyffart said that there are many deposits for Solana (soil) and XRP in particular.
New: Here is a list of all the deposits and / or applications that I follow for ETP Crypto in the United States. There are 92 line elements in this spreadsheet. You will almost certainly have to taste them and zoom it to see, but I can do here here pic.twitter.com/ldhrgeqbow
– James Seyffart (@jseyff) August 28, 2025
Vaneck, Bitwise and Grayscale are among the funds for managing funds that have submitted requests for ETFs linked to Cardano (ADA) and even parts even such as Dogecoin (Doge).
Bloomberg analysts, Eric Balchunas, says that 20 new Crypto ETF deposits have been added in the last four months, in addition to 72 previously reported.
“Very soon, there will be more Crypto depots than actions,” he joked.
Soon there will be more Crypto depots than actions 😝
– Eric Balchunas (@ericbalchunas) August 28, 2025
21Shares is not the only one in its pursuit of a SEI ETF spot. The United States Investment Company in the United States Canary Capital asked for an FNB focused on SEI in April. According to an April 30 statement From the SEI network, the Canary FNB would offer institutional investors and at detail “a direct exhibition to SEI marked”.
Canary’s product will also offer investors a “passive income via stalement awards”.
Only FNB Bitcoin and Etherem approved so far
Currently, the American sec has only approved the ETF Spot for the leaders of the Bitcoin (BTC) and Ethereum (ETH) cryptographic market.
21Shares was one of the issuers including Spot Bitcoin and Spot ETF ETF products received the regulatory head of the dry last year.
21Shares is in partnership with Ark Invest by Cathie Wood for the BTC product, called the Ark 21Shares Bitcoin ETF (ARKB). Under the agreement, 21Shares is the sponsor of the ETF and essentially provides cryptography infrastructures and the development of products at the table.
The two companies also had a partnership to issue the ARK 21Shares ETF ETF, but this partnership was finished and 21Shares then renamed ETF towards the 21Shares ETF (Teth).
According to Farside investor data, ARKB experienced more than $ 2.17 billion in cumulative entries from the FNB Bitcoin de sec approved in January 2024.
Spot Bitcoin ETF Entroves (Source: Farane investors))
Meanwhile, Teth has seen much lower cumulative entrances by $ 35 million since the launch of ETH products in July last year.
The FNB Bitcoin Spot have seen the majority of the entries since the launches of the BTC and ETH funds. However, this trend moved last week, when Ethereum spots have known ten times more entrances that their BTC counterparts. The ETH ETF also extended their entries to six days yesterday.
With Bitcoin and Ethereum drawing billions of dollars in such a short time via ETF, companies are now rushing to deposit similar products for smaller tokens in the hope of repeating this success.
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