Crypto Asset Manager Coinshares launched a new product negotiated on the stock market (ETP) which gives investors an exhibition in SEI (SEI) while eliminating management costs and offering a 2%implementation return.
The product, listed under the CSEI Ticker, will be exchanged on the six Swiss exchanges. It marks the first regulated investment vehicle providing direct access to SEI, a layer-1 blockchain designed to support a high-speed low-speed negotiation infrastructure.
Coinshares, which manages more than $ 8 billion in digital assets, said the launch aims to remove obstacles for institutional investors who were previously faced with complex guard and operational requirements to access the SEI.
The product is physically supported by SEI tokens and automatically distributes an annualized implementation return of 2% to investors. The launch comes shortly after Coinshares became the first European manager of cryptography assets to receive a license in cryptocurrency markets (Mica).
The ETP is passed on the footprint of the European Coinshares market thanks to the licenses of the company.
Various ETPs Crypto were launched in Europe, but the adoption of these funds was far behind that of the ETF Spot in the US data justtf shows a total of 108 products have around 13.92 billion euros ($ 16.21 billion) in assets under management.
In comparison, the Ibit of BlackRock has more than $ 86 billion in net assets. According to Sosovalue, Spot Bitcoin (BTC) has a total of $ 151.4 billion in total net assets.
Read more: Crypto asset Manager Coinshares secures the mica license on the EU scale