A significant change in the exchange-traded fund (ETF) landscape is underway as companies REX Shares and Osprey Funds have formalized updates to their applications for a new product targeting SEI investments. The U.S. Securities and Exchange Commission (SEC) has set October 23 as the effective date for the “REX-Osprey SEI + Staking ETF.”

This ETF aims to provide investors not only exposure to the price fluctuations of SEI but also offers a staking feature, allowing the fund to utilize its SEI assets for an additional income stream. The product had previously been mentioned in related registration documents submitted to the SEC.

In addition to this new ETF, REX Shares and Osprey Funds are working on other cryptocurrency-focused offerings, targeting various altcoins such as NEAR, HYPE, SUI, and AVAX. Both companies have a history of launching innovative investment products, including the SOL+ Staking ETF, which incorporates staking options as well.

The announcement of the ETF coincided with a notable rise in the SEI market price. Data indicates that SEI increased approximately 6.4 percent within a 24-hour period, bringing its trading value to around $0.07765.

This article is for informational purposes only and does not constitute investment advice.