GSR, a leading crypto trading and market-making firm, has entered the ETF arena with a regulatory filing for the GSR Digital Asset Treasury Companies ETF.
The product will invest primarily in public firms that allocate portions of their corporate treasuries to cryptocurrencies, including companies such as Bitcoin-buying Strategy and Ether-holding BitMine Immersion Technologies.
According to the filing, at least 80% of the fund’s assets will be invested in equity securities of companies that hold digital assets in their treasuries. This approach mirrors a growing corporate trend of accumulating Bitcoin, Ether, and other tokens as long-term stores of value.
The ETF is part of GSR’s first foray into exchange-traded products, which also includes four other proposed funds tied to ETH, staking, and a basket tracking Bitcoin, Ethereum, and Solana.
Analysts note that while crypto treasuries are gaining popularity, some firms have taken riskier bets on altcoins, raising questions about long-term market sustainability.
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