21Shares S-1 for Coinbase-Custodied Spot SEI ETF

21Shares don file S-1 registration wit di U.S. SEC to launch spot SEI ETF, wit Coinbase Custody Trust Company as custodian. Di SEI ETF go just dey follow di CF SEI-Dollar Reference Rate passively, wey dey aggregate prices from different places but no go involve leverage and derivatives. E go offer cash or in-kind SEI subscriptions and redemptions through Authorized Participants, and staking or liquid staking options still dey under legal, tax, and regulatory review. Di fund get initial capital and e go list under one ticker afta approval, dey open for up to three years. On di filing day, SEI token rise over 4% to $0.30, and on-chain data show TVL of $682 million. Approval fit reduce barriers for institutional capital, boost liquidity and long-term access to di SEI network.