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CoinShares launches a cryptocurrency Sei ETF in Europe.
Cryptocurrency investment firm CoinShares announced on the 29th that it has launched the SEI ETF in Europe. Named "CoinShares Physical Staked Sei (CSEI)", it comes with staking rewards.
CoinShares stated that Sei is demonstrating outstanding performance in the highly competitive Layer 1.
It continues to provide high-performance chains with scalability, speed, and simplicity in development, offering industry-leading digital asset trading infrastructure with institutional-level performance.
CoinShares CEO and co-founder Jean-Marie Mognetti commented as follows.
We are not just following trends, but identifying the cryptocurrency technologies that will shape the future of digital finance. Sei is exactly what institutional investors have been waiting for.
CoinShares has pointed out that until now, complex custody methods and operational challenges have been hurdles to investing in Sei. The "CoinShares Physical Sei ETP (CSEI)" is said to solve these problems.
CSEI will start trading on the SIX exchange from July 28. Like CoinShares' existing product lineup, it has obtained sales authorization in multiple markets across Europe, making it accessible to a wide range of institutional and retail investors.
Sei is a Layer 1 blockchain developed with a focus on "speed" and "efficiency." It launched its mainnet in 2023 and has since processed billions of transactions across more than 35 million wallets.
Originally designed for decentralized exchanges (DEX), it is now being applied in fields such as NFTs (non-fungible tokens), gaming, and scientific research.
What is DEX?
A decentralized exchange built on the blockchain. It is also called "DEX" from the English translation of "Decentralized EXchange". Transactions are conducted directly between parties without the need for a central authority.
According to etfbook, the total assets under management of cryptocurrency ETP products (Exchange Traded Products) in Europe are approximately $22.3 billion (about ¥3.3 trillion). Compared to the US market, the scale is smaller.
In the United States, BlackRock's IBIT, the largest Bitcoin spot ETF, has assets under management exceeding $85 billion (approximately 13 trillion yen).
Furthermore, Trump Media & Technology Group's operated Truth Social has also applied for a new Bitcoin spot ETF.