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CoinShares Launches Zero-Fee SEI ETP With Staking Yield Across Europe

Crypto ETPs in Europe are plentiful, yet they haven't been adopted the way spot bitcoin ETFs in the U.S. have.

Jul 29, 2025, 7:00 a.m.
CoinShares CEO Jean-Marie Mognetti (CoinDesk Archives)
CoinShares CEO Jean-Marie Mognetti (CoinDesk Archives)

What to know:

  • CoinShares has launched a new exchange-traded product (ETP) that provides investors with exposure to Sei, while waiving management fees.
  • The ETP is physically backed by SEI tokens and features a 2% staking yield.
  • Crypto ETPs in Europe are plentiful, yet they haven't been adopted the way spot bitcoin ETFs in the U.S. have.

Crypto asset manager CoinShares has launched a new exchange-traded product (ETP) that gives investors exposure to while eliminating management fees and offering a 2% staking yield.

The product, listed under the ticker CSEI, will be traded on the SIX Swiss Exchange. It marks the first regulated investment vehicle offering direct access to SEI, a Layer-1 blockchain designed to support high-speed, low-latency trading infrastructure.

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CoinShares, which manages over $8 billion in digital assets, said the launch aims to remove hurdles for institutional investors who previously faced complex custody and operational requirements to access SEI.

The product is physically backed by SEI tokens and automatically distributes a 2% annualized staking yield to investors. The launch comes shortly after CoinShares became the first European crypto asset manager to receive a Markets in Crypto Assets (MiCA) license.

The ETP is passported across CoinShares’ European market footprint thanks to the company’s licenses.

Various crypto ETPs have been launched in Europe, but these funds’ adoption has lagged far behind that of spot ETFs in the U.S. JustETF data shows a total of 108 products have roughly 13.92 billion euros ($16.21 billion) in assets under management.

In comparison, BlackRock’s IBIT has over $86 billion in net assets. Spot bitcoin ETFs, according to SoSoValue, have a total of $151.4 billion in total net assets.

Read more: Crypto Asset Manager CoinShares Secures EU-Wide MiCA License

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