Recent developments in the Sei Network have attracted widespread attention in the industry. It is reported that 21Shares has submitted the S-1 filing for the Sei Spot ETF to the U.S. Securities and Exchange Commission (SEC), a move that took many by surprise and sparked heated discussions in the market.

This application document shows that the ETF product plans to use CF Benchmarks as the pricing benchmark and has chosen Coinbase as the custodian. This configuration is relatively common in cryptocurrency ETF applications, demonstrating Sei Network's cautious and professional attitude in this field.

However, we need to be acutely aware that there is considerable uncertainty between submitting an application and final approval. According to the SEC's review process, the entire process can take up to 240 days. Therefore, investors should not view this as a signal that the value of Sei will necessarily rise in the short term.

Nevertheless, this move undoubtedly reflects institutional investors' confidence in the Sei Network. Sei has always focused on supporting long-term ecosystem builders, which aligns with its pursuit of sustainable development. In the current environment where cryptocurrency ETF news is frequent, it is particularly important to view each piece of news rationally.

In the short term, such news may trigger market fluctuations. However, in the long run, the core value of a project still depends on its technological strength and the healthy development of its ecosystem. Therefore, rather than following short-term speculation, investors should focus on the continuous progress of Sei Network in terms of technological innovation and ecosystem expansion.

Overall, Sei Network's involvement in the ETF market is a positive signal, but we also need to maintain a calm and objective attitude. In the cryptocurrency market, long-term value creation is the real focus that deserves our attention.