Crypto Asset Manager Coinhares has launched a new Exchange-Traded Product (ETP) that gives investors exposure to SEI (SEI) while eliminating management fees and offering a 2% stack outcome.
The product listed under Ticker Csei will be traded on the six Swiss exchange. It marks the first regulated investment vehicle that offers direct access to SEI, a LAG-1 blockchain designed to support high-speed infrastructure with low latency.
Coinhares, which administers over $ 8 billion in digital assets, said launch aims to remove obstacles for institutional investors who previously faced complex custody and operational requirements to access SEI.
The product is physically supported by SEI -Tokens and automatically distributes a 2% annual effort for investors. The launch comes shortly after Coinhares became the first European Crypto Asset Manager to receive a markets in Crypto Assets (MICA) license.
ETP is passed across Coinhares’ European market’s footprint thanks to the company’s licenses.
Various crypto -TPs have been launched in Europe, but these funds’ adoption have been hung far behind it for spot -Tfs in the US Hayetf -Data shows that a total of 108 products have approx. 13.92 billion euros ($ 16.21 billion) in assets under management.
In comparison, Blackrocks Ibit has over $ 86 billion in net assets. Spot Bitcoin (BTC) ETFs have a total of $ 151.4 billion in total net assets, according to Sosovalue.
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