SEC Delays Ethereum ETF, 21Shares Files New Sei ETF

Yeliz Akmaca — Fri, 29 Aug 2025 07:30:31 +0000

The U.S. Securities and Exchange Commission (SEC) continues to influence the direction of the crypto market. Two key developments have recently emerged: the SEC’s delay of Grayscale’s spot Ethereum ETF and 21Shares’ new ETF application focused on Sei (SEI). These moves are increasing institutional investor interest in crypto.

SEC and Grayscale: Ethereum ETF Delay

The SEC has postponed Grayscale’s spot Ethereum ETF application. It remains unclear whether the fund will include a staking feature. Staking could offer investors additional yield and enhance Ethereum network security. However, the SEC is carefully reviewing legal compliance and potential market manipulation risks. Experts suggest that this delay could be a “batch approval” preparation, allowing multiple applications to be evaluated simultaneously.

21Shares’ New Move: Sei (SEI) ETF

Crypto asset manager 21Shares has submitted a spot ETF application for Sei (SEI). The company previously applied for Bitcoin and Ethereum ETFs. Sei is a blockchain platform known for its high transaction speed, crucial for trading applications. This application facilitates institutional investors’ access to altcoins and supports the growth of the Sei ecosystem. Additionally, focusing on niche projects opens new opportunities for altcoins.

Institutional Moves Strengthen the Market

Although the SEC’s delay creates short-term uncertainty, new ETF applications from firms like 21Shares boost market confidence. Regulated products allow investors to access digital assets more safely and securely. These developments show that cryptocurrencies are not just an asset class but a serious investment vehicle. Institutional approvals enhance market maturity and reliability, enabling crypto assets to reach a wider audience.

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The post SEC Delays Ethereum ETF, 21Shares Files New Sei ETF appeared first on Coin Engineer.

Canary Capital Files for First-Ever Staked SEI ETF With SEC

Yigit Taha OZTURK — Thu, 01 May 2025 10:30:15 +0000

Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the industry’s first-ever Staked SEI ETF. This innovative product will allow traditional investors to gain exposure to SEI, the native token of the Sei Network, without having to interact directly with blockchain infrastructure.

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The ETF will track the spot market price of SEI as determined by CoinDesk Indices, and its Net Asset Value (NAV) will be published daily at 4 PM New York time. It will not use derivatives but instead hold actual SEI tokens in custody.

Earn Rewards Through SEI Staking

Custody of SEI tokens will be managed by BitGo Trust Company and Coinbase Custody Trust Company. While not insured by the FDIC, both custodians maintain private insurance policies to mitigate risks.

This ETF simplifies SEI investment for regular investors, eliminating the need for blockchain knowledge, private key management, or staking know-how. One of its standout features is its integration with staking, allowing the fund to earn additional SEI rewards via the proof-of-stake (PoS) mechanism of the Sei Network.

Canary Capital is also pursuing other crypto ETFs, including a TRX-backed fund. While the SEI ETF is still pending SEC approval, its launch could mark a significant step forward in making digital assets accessible through mainstream investment platforms.