CMC News

#GSR Files for #Crypto Treasury #ETF Targeting Corporate Holdings

Market maker GSR Digital Asset Treasury Companies ETF will invest at least 80% of assets in firms holding cryptocurrencies in corporate treasuries. The London-based trading firm submitted its first ETF registration statement to the #SEC alongside four additional fund proposals focused on $ETH and staking strategies.

The treasury-focused fund plans to maintain 10-15 initial positions targeting companies listed on U.S. stock exchanges. Private investments in public equity transactions may also be included, allowing accredited investors to purchase shares directly from listed companies at market discounts.

GSR's application follows significant growth in cryptocurrency treasury adoption during recent months. The phenomenon has expanded beyond $BTC 2020 origins with Strategy's strategic pivot to encompass treasuries built on $ETH, $SOL, $XRP, and $TON, among other digital assets.

Strategy holds approximately 640,000 $BTC valued at nearly $73 billion, representing the largest corporate cryptocurrency treasury globally. Other examples cited in the filing include $ETH treasuries Bitmine Immersion and SharpLink, plus SUI Group Holdings.

The market maker recently established a U.S. asset management division as part of broader digital assets expansion efforts. GSR led a $100 million funding round in April for Nasdaq-traded Upexi to build a $SOL treasury, demonstrating active involvement in corporate crypto adoption.

Additional ETF proposals include GSR Ethereum Staking Opportunity, GSR Crypto StakingMax, GSR Crypto Core3, and GSR Ethereum YieldEdge funds. The Core3 product will focus on Bitcoin, $ETH, and Solana while incorporating staking rewards for yield generation.