PANews July 29 news, CoinShares has launched a new exchange-traded product (ETP) that provides direct investment opportunities in SEI, with no management fees and an annual staking yield of 2%. This product is physically backed by SEI tokens and is listed on the Swiss Stock Exchange under the code CSEI, making it the first regulated investment vehicle for SEI. CoinShares stated that this move aims to simplify the process for institutional investors to enter SEI and has already circulated within the European market. Although there is a rich variety of crypto ETPs in Europe, their adoption rate is still lower than that of the US spot Bitcoin ETF.
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CoinShares launches a zero management fee SEI ETP and offers a 2% stake yield.
PANews July 29 news, CoinShares has launched a new exchange-traded product (ETP) that provides direct investment opportunities in SEI, with no management fees and an annual staking yield of 2%. This product is physically backed by SEI tokens and is listed on the Swiss Stock Exchange under the code CSEI, making it the first regulated investment vehicle for SEI. CoinShares stated that this move aims to simplify the process for institutional investors to enter SEI and has already circulated within the European market. Although there is a rich variety of crypto ETPs in Europe, their adoption rate is still lower than that of the US spot Bitcoin ETF.