@mysticeuphoria
Analyzing 21Shares, which submitted the application, they have long been one of the world's most aggressive promoters of crypto ETFs, having successfully launched ETPs such as SOL, ADA, and DOT in Europe, giving them considerable experience. Their choice of SEI as a breakthrough point this time certainly has its own considerations. Even if it doesn't pass quickly, the S-1 itself can serve as a marketing tool (bringing SEI to the attention of more American investors).