- GSR filed with the SEC to launch five ETFs, including one for firms holding crypto treasuries.
- The Digital Asset Treasury ETF will invest 80%+ in public firms with significant crypto holdings.
- Additional filings include three Ethereum staking ETFs and a Core3 fund tracking BTC, ETH, SOL.
Wall Street could soon see more exposure to digital assets through a set of new exchange-traded funds. GSR, a crypto trading and market-making firm, has filed with the Securities and Exchange Commission to launch its first ETFs. The filing includes a fund targeting companies that hold cryptocurrencies in their treasuries.
Digital Asset Treasury Companies ETF
The GSR Digital Asset Treasury Companies ETF aims to invest in public firms with crypto on their balance sheets. According to the filing, the fund will place at least 80% of its assets in such companies under normal market conditions. The ETF is expected to hold 10 to 15 positions from five to ten issuers.
GSR stated that the fund will not restrict itself to firms with Bitcoin or Ether only. Instead, it may also invest in companies with exposure to tokens such as Solana or BNB. The filing defined eligible firms as those that maintain a large portion of assets in digital currencies.
The interest in digital asset treasuries has grown over the past year, with $20 billion in venture funding directed into the sector. While some analysts suggest the pace of funding may slow, the strategy remains common among firms seeking long-term holdings.
Additional Crypto ETF Proposals
GSR also proposed four other ETFs, three of which focus on Ethereum and crypto staking. These include the GSR Ethereum Staking Opportunity ETF, GSR Ethereum YieldEdge ETF, and GSR Crypto StakingMax ETF.
All three will use offshore subsidiaries to meet U.S. regulatory rules. The fifth fund, the GSR Crypto Core3 ETF, will directly track Bitcoin, Ether, and Solana. The filing states it will allocate roughly one-third of its assets to each token.
The Core3 ETF was submitted under the Securities Act of 1933, which also governs spot Bitcoin and Ether ETFs already trading. The SEC has recently approved multi-crypto ETFs and introduced new listing standards. Market participants expect these developments could help accelerate decisions on GSR’s proposals.
