CoinShares Launches First-Ever SEI Token ETP With a “Zero-Fee, 2% Yield” Model
Main Idea
CoinShares has launched the first-ever SEI Token ETP, offering European investors zero fees and a 2% staking yield, which led to a 10% price surge for SEI.
Key Points
1. CoinShares introduced an exchange-traded product (ETP) for SEI, a Layer-1 blockchain, providing European investors access to the token.
2. The SEI ETP offers a 2% annualized staking yield and has no fees, simplifying investment compared to direct token ownership.
3. SEI's price increased by 10% following the ETP's launch, reaching $0.3451.
4. European crypto ETPs manage €13.92 billion ($16.21 billion) in assets, significantly less than US spot Bitcoin ETFs, which hold $151.4 billion.
5. The SEI ETP is one of CoinShares' initial products under the Markets in Crypto Assets (MiCA) regulation.
Description
CoinShares launched SEI ETP to give access to European investors. SEI tokens will back the ETP with an annualized 2% staking yield. SEI’s price spiked 10% shortly after the latest ETP launch by CoinShares. Crypto asset management firm CoinShares has launched an exchange-traded product (ETP) allowing investors to invest in SEI, a Layer-1 blockchain supporting high-speed, low-latency trading infrastructure. According to reports, CoinShares will not charge management fees on the newly launched prod...
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