Crypto market maker GSR has launched a new multi-asset exchange-traded fund, showing how institutions are changing their approach to digital assets. The Crypto Core3 ETF tracks the spot prices of Bitcoin, Ethereum and Solana, and offers staking rewards to boost returns.
On its first day, the fund saw almost $5 million in trading, signaling strong investor interest in regulated ways to invest in various cryptocurrencies.
Unlike regular ETFs, which maintain the same mix, GSR’s fund changes its holdings every week based on market trends. Early numbers show it holds more Ether and Solana, with less in Bitcoin.
This launch comes as big financial firms like Morgan Stanley and Goldman Sachs are also moving into crypto, either by offering or planning similar products. This shows that traditional investors are becoming more confident in digital assets.
GSR says its ETF is meant to make crypto investing easier for more people by using its experience in trading and market-making. The company believes these products can help connect traditional finance with the crypto world.
As more companies compete, these funds could lead to the next wave of institutional interest.
Source: X.com
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