CoinShares Launches SEI ETP in Europe

July 29, 2025 CoinShares, Europe’s leading digital asset manager with over $9 billion AUM, has launched the CoinShares Physical Staked SEI ETP (Ticker: CSEI). This new product allows regulated access to Sei Network’s native token ($SEI), designed to appeal to both institutional and retail investors.

The ETP is listed on the SIX Swiss Exchange, and thanks to its MiCA-compliant structure, it’s accessible across Europe through traditional brokerage platforms. There’s no management fee, and investors also receive a 2% annualized staking reward—a rare combination in today’s market.

By removing operational and custody hurdles, CoinShares is making it easier than ever for institutions to participate in blockchain innovation.

Why It’s a Win for SEI and the Industry

The Sei Network is known for its ultra-fast 400ms transaction finality, which makes it perfect for trading infrastructure and real-time DeFi applications. With this ETP, investors don’t need to manage wallets, private keys, or staking directly—everything is handled securely through CoinShares.

Because of its structure:

• Investors can earn passive rewards while holding SEI
• Exposure is gained via regulated infrastructure
• The product is passportable across the EU, reaching a wider audience

Such developments signal growing confidence in blockchain-based finance among traditional investors.

Understanding ETPs vs. ETFs

Although often used interchangeably, ETPs and ETFs are not the same.

Here’s a quick breakdown:

• ETFs are open-ended funds, mostly used for stocks or indices
• ETPs are a broader category that includes physically backed crypto products
• CSEI is a type of ETP, directly backed by SEI tokens
• Staking rewards are typically available in ETPs, not ETFs

Feature	ETPs (Exchange-Traded Products)	ETFs (Exchange-Traded Funds)
Structure	Includes ETFs, ETNs, ETCs (broader category)	Subset of ETPs focused on pooled funds
Backing	Can be physically backed (like crypto, metals)	Typically backed by a basket of stocks/bonds
Staking Rewards	Possible with staked crypto ETPs	Rare or unavailable
Redemption Model	Often redeemable in-kind or for cash equivalents	Open-ended fund structure
Use Case	Crypto exposure, commodities, specific assets	Index tracking, stock diversification
Regulatory Fit	Custom structures, useful for niche assets	Heavily regulated, best for traditional assets
Trading Platform	Traded like stocks on major exchanges	Same as ETPs

This makes ETPs more suitable for crypto exposure, especially when staking and asset control are involved.