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The Crypto 21Shares asset administrator submitted an application to the United States Securities and Stock Exchange for the new SEI grant fund, the native cryptocurrency of the Sei Blockchain. The aim of the proposed ETF is to offer investors a regulated path that will be issued by SEI through traditional investment accounts without holding the token directly.
In short
- 21 SHARES Files for SEI ETF from SEC, which aims to offer a regulated SEI exposure.
- Coinbase coscody will serve as a depository for the Sei tokens.
- Sei is negotiated around $ 0.3014; Analyst Ali Martinez notes the symmetrical triangle formula.
Structure, Prices and Potential Storage ETF ETF
According to the deposit, the ETF price will be based on the index calculated by CF Benchmarks Ltd., which aggregates business data from the main platforms of SEI. This method is designed to accurately reflect the actual value of the token on the market.
21shares said that the proposed ETF could participate in SEI Sting to generate additional revenues, including potentially using liquid tokens. The company stressed that no decision has been made yet and that any evaluation would depend on its evaluation, that these activities can be carried out without excessive legal, regulatory or tax risk.
Coinbase Custody Trust Company would serve as a depository for the Sei tokens, while the CSC Delaware Trust Company would act as an administrator to supervise the match and proper functioning of the fund.
This submission comes as an interest in crypto ETFs continues to grow, although SEC is still exploring several applications for altcoin. The S-1 registration statement represents a formal step in the approval process and provides details of the structure, price and operation of the ETF.
21 Shares described this deposit as an important step in its efforts to expand the negotiated access to the stock market to Blockchain Sei. This initiative is governed by a similar deposit of capital capital, which also submitted a SEC application to launch ETF -based ETF for US investors.
Both companies focus on institutional and individual investors looking for SEI exposure, with the possibility of generating additional revenues if the withdrawal is implemented within the regulated fund.
Prospects for market trends and analysts of Sei
The SEI price increased slightly and negotiated around $ 0.3014, which is an increase of more than 2 % in the last 24 hours. ALI Martinez’s market analyst noted that SEI is currently in the phase of consolidation in a symmetrical triangle, indicating a period of price stability.
Martinez stressed that the break over this reason could focus on the price range between $ 0.36 and $ 0.50. Conversely, if support of nearly $ 0.285 fails, the token could undergo pressure down.
Interesting interest on regulated crypt funds
Currently, the United States has approved the ETF instead of Bitcoins and Ethereum only, while other cryptocurrencies, including SEI, continue to be consent. As a result, ETF SEI offers part of a wider effort to extend access to altcoins through regulated investment products.
Several transmitters explore ETF for various cryptocurrencies, including XRP, Cardano and Dogecoin, signaling the growing interest in providing a regulated exposure to a wider range of digital assets. 21 Shares currently manages Ark 21shares Bitcoin ETF and also applied for new funds focused on SUR AU, XRP and Ondo.
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IFOLOWA specializes in writing and marketing Web3, with more than 5 years of experience in creating bright and strategic content. In addition, it trades in crypt and is qualified in performing technical, basic and chains.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.