Crypto Asset Manager 21shares submitted to the US Securities and Exchange Committee (SEC) to launch a trading box for an exchange that tracks the price of SEI, after requesting Canary Capital in April.

The S-1 registration statement submitted to SEC on Thursday proposes the use of CF coding standards to track the SEI price, using data from multiple encryption exchanges.

SEI is the original SEI network, both launched in August 2023. The same network is a group of Blockchain layer 1 specialized in trading in infrastructure for exchanges and decentralized markets. Its original symbol can be used to pay network gas fees and participate in governance.

Coinbase Custody Trust Company will work as a SEI goalkeeper, while 21 Shares has also offered the possibility of SEI to generate additional returns. However, the company said in the deposit that it is still achieving whether there are no “legal, regulatory or tax risks.”

Race for the first time SEI ETF

There are currently no expanded encryption boxes in the United States outside Bitcoin and Ethereum, although there are many applications for the traded investment box qualifiers targeting other cryptocurrencies.

In the X Publishing on Thursday, 21shares said that the ETF file was “a major landmark in our vision to expand the scope of circulating access to the SEI network.

Cointelegraph has reached 21 charts for more comment.

SEI is currently trading $ 0.30 after an increase of 4.2 % in the past 24 hours. Coingecko SEI is 74th in market value.

Another ETF SEI has already been offered

Canary Capital in the United States of America, Canary Capital, applied for SEI ETF in April, which “would provide” an institutional investor and investor for the direct retail “Staked SEI”, and that “a negative income through Staking Bonuses”, according to a statement issued on April 30 of the SEI network.