21Shares Joins the Altcoin ETF Race
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The altcoin ETF competition is heating up. 21Shares has just upped the ante by filing for a Sei ETF with a bold twist: staking.
The firm’s proposal explicitly states its intent to have the fund reflect rewards from staking its SEI tokens, a feature the SEC has consistently resisted.
This move comes amidst a flood of altcoin ETF applications and on the same day the SEC delayed a decision on Grayscale’s staking-enabled Ether fund.
By pushing for staking, 21Shares is testing the regulatory boundaries, aiming to offer a yield-generating product in a market hungry for the next big crypto investment vehicle.
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