Zero Fees, 2% Yield: CoinShares Drops Game-Changing SEI ETP on Swiss SIX Exchange
Switzerland's institutional investors just got a crypto lifeline—with strings attached.
CoinShares' new SEI Exchange-Traded Product (ETP) launches on the SIX Swiss Exchange with a brutal combo: 0% management fees and a 2% staking yield. The move pressures legacy finance players still charging 1-2% for closet-indexed crypto products.
Staking play or Trojan horse? The zero-fee model hooks asset-gathering whales while the yield covers custody risks—a slick hedge against the 'not your keys' crypto mantra. TradFi banks take note: when your custody solutions cost more than blockchain-native alternatives, the jig is up.
One Swiss banker was overheard muttering about 'giving away the family silver.' Meanwhile, crypto natives shrug—another brick in DeFi's wall.
