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- SEI price hit $0.31 after 21Shares filed for a spot ETF with the SEC.
- Analysts predict a breakout toward $0.70 and possibly $1.
- The ETF may include staking rewards but faces regulatory hurdles.
The price of Sei (SEI) surged to $0.31 on August 29, following the news that 21Shares filed for a spot SEI exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The filing, submitted on August 28, has sparked optimism among traders and analysts, many of whom believe the altcoin could rally toward $1 in the coming months.
Analysts Expect SEI Price Breakout
SEI is currently trading near $0.30, up 3.33% in 24 hours, with a market capitalization of $1.82 billion and daily trading volume exceeding $210 million. Market analyst Ali Martinez noted that if SEI holds its support level at $0.288, it could quickly climb toward $0.345.
Other analysts point to SEI’s strong DeFi fundamentals. In June, the network recorded a 368% surge in fee revenue while total value locked (TVL) jumped to $611 million, reinforcing its growing adoption. Many now see $0.70 and even $1 as realistic short-term targets if bullish sentiment persists.
21Shares’ SEI ETF: A New Gateway for Investors
The 21Shares Sei ETF is structured as a passive fund tracking the CF SEI-Dollar Reference Rate (New York Variant) from CF Benchmarks. It will not employ leverage or derivatives, and its creation/redemption process will be available in both cash and in-kind formats. Coinbase Custody has been appointed as the custodian.
One unique aspect is that the ETF could potentially incorporate staking rewards. According to the S-1 filing, a portion of SEI may be staked to generate additional yield—pending regulatory clearance on legal and tax risks.
Also Read: UK to Sell £5B in Seized Bitcoin Amid Legal Disputes
Regulatory Challenges Ahead
The inclusion of staking rewards in crypto ETFs remains a contentious issue. The SEC has yet to approve similar features in Grayscale’s Ethereum ETF applications, with final decisions expected by October 2025. This suggests altcoin ETFs offering staking will face close regulatory scrutiny before gaining approval.
The SEI rally, fueled by the 21Shares spot ETF filing, highlights growing investor interest in altcoin-focused funds. While regulatory hurdles remain, analysts believe SEI’s strong fundamentals and ETF prospects could propel the token toward $1 and beyond in the near future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
