21Shares applies for Sei ETF and plans to explore stake functionality, SEC is still reviewing alts ETF.

【21Shares applies for Sei ETF and plans to explore staking features, SEC still reviewing altcoin ETFs】21Shares has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) to launch the Sei ETF and has indicated in the prospectus that it hopes to explore the possibility of staking some SEI tokens to earn rewards. The SEC has not yet approved the ETF staking feature. Previously, the staking plans for Ethereum spot ETFs proposed by Grayscale, BlackRock, and 21Shares were also not approved. The SEC recently stated that some liquid staking activities do not involve securities, which may provide room for ETF staking. The SEI ETF will directly track the price of the Sei network's native crypto asset SEI, while the SEC is also reviewing other altcoin ETF applications, including Litecoin, Solana, Dogecoin, XRP, and others.