GSR is entering the ETF market with five funds: three with staking, one for Bitcoin, Ether and Solana and the main one is an ETF for companies with a crypto treasury.
GSR launches five crypto ETFs: from staking to crypto treasuries
Trading and market-making firm GSR has filed its first-ever application for five exchange-traded funds. Chief among them is the GSR Digital Asset Treasury Companies ETF, which will invest in public companies that store cryptocurrencies in their treasuries – from Bitcoin-holding Strategy to BitMine with a large Ether portfolio.
The fund plans to focus on 10-15 positions and will not limit itself to the market capitalization of companies. This means that even riskier issuers like SUI Group or CEA Industries with BNB on its balance sheet could make the list.
Staking Betting
In addition to the treasury ETF, GSR is also preparing three staking-focused funds:
- Ethereum Staking Opportunity ETF
- Crypto StakingMax ETF
- Ethereum YieldEdge ETF
They will use offshore subsidiaries to stake ETH and other PoS assets to comply with US regulatory requirements. The YieldEdge ETF will have an active derivatives strategy to boost returns.
Balance of the Big Three
The fifth product, the GSR Crypto Core3 ETF, aims to directly hold Bitcoin, Ether and Solana. The fund wants to balance the portfolio so that about a third of its assets are in each token, giving investors transparent access to the “big three” of crypto assets.
ETF boom on Wall Street
GSR’s filing comes amid a wave of new cryptocurrency ETFs entering the US market following the legalization of spot funds for BTC and ETH. Wall Street participants are increasingly seeking exposure to digital assets, and GSR wants to gain a foothold in this niche with five products.