CoinShares Unveils Zero-Fee SEI ETP With 2% Staking Yield Across Europe
CoinShares has launched a new exchange-traded product (ETP) offering direct exposure to SEI, the native token of the Sei blockchain, with zero management fees and a 2% annualized staking yield. The product is now trading on the SIX Swiss Exchange under the ticker CSEI.
This marks the first regulated investment vehicle to offer institutional access to SEI — a Layer 1 blockchain engineered for high-speed, low-latency trading environments. The ETP is physically backed by SEI tokens and automatically distributes staking rewards to investors.
The move is designed to simplify access for institutional players by eliminating operational complexities and custody barriers traditionally associated with holding and staking SEI. CoinShares, which manages over $8 billion in digital assets, said the launch reflects its broader strategy to lower the entry barrier to emerging crypto networks.
The product is passported across the European Union thanks to CoinShares’ recently granted MiCA license — making it the first European crypto asset manager to operate under the bloc’s new regulatory framework.
Despite a growing number of crypto ETPs in Europe — 108 in total with €13.92 billion ($16.21 billion) in assets under management, according to JustETF — adoption has trailed far behind that of U.S.-listed spot bitcoin ETFs. For comparison, BlackRock’s IBIT has attracted more than $86 billion in assets, while the total U.S. spot BTC ETF market now exceeds $151 billion, according to SoSoValue.
