CoinShares Launches First-Ever SEI Token ETP With a “Zero-Fee, 2% Yield” Model

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.