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CoinVoice has recently learned that CoinShares has launched a new exchange-traded product (ETP), providing a direct investment opportunity 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 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 it has been circulating within the European market. Although there is a rich variety of cryptocurrency ETPs in Europe, their adoption rate is still lower than that of the US spot Bitcoin ETF.