Crypto Asset Manager Coinshares has launched a new product quoted in the stock market (ETP) that gives investors exposure to SEI (SEI) while eliminating management rates and offers a 2%yield.
The product, listed in the CSEI Ticker, will be negotiated at the Exchange Swiss. It marks the first regulated investment vehicle that offers direct access to SEI, a layer 1 block chain designed to admit high -speed and low latency negotiation infrastructure.
Coinshares, which manages more than $ 8 billion in digital assets, said the launch aims to eliminate obstacles to institutional investors that previously faced complex operational requirements and custody to access SEI.
The product is physically backed by sei tokens and automatically distributes an annualized betting of 2% for investors. The launch occurs shortly after Coinshares became the first European manager of cryptographic assets to receive a market license in cryptographic assets (MICA).
The ETP is passed in the European Coinshares market footprint thanks to the company’s licenses.
Several cryptographic ETPs have been launched in Europe, but the adoption of these funds has remained far behind that of the ETF spot in the US Justetf data. UU shows that a total of 108 products have approximately 13.92 billion euros ($ 16.21 billion) in assets under administration.
In comparison, the Blackrock Ibit has more than $ 86 billion in net assets. The Bitcoin ETF (BTC) spot, according to Sosovalue, have a total of $ 151.4 billion in total net assets.
Read more: Crypto Asset Manager Coinshares ensures the Mica license throughout the EU
