CoinShares launches zero management fee SEI ETP and offers 2% annual staking yield

ChainCatcher message, CoinShares has launched a new Exchange Traded Product (ETP) that offers direct investment opportunities in SEI, with no management fees and a 2% annual staking yield. This product is physically backed by SEI tokens and is listed on the Swiss Stock Exchange under the ticker CSEI, making it the first regulated investment tool for SEI.

CoinShares stated that this move aims to simplify the process for institutional investors to access SEI and has already circulated within the European market. Despite the variety of crypto ETPs in Europe, their adoption rate remains lower than that of the U.S. spot Bitcoin ETF.