Cryptocurrency market maker GSR has filed an application with regulators to launch its first exchange-traded funds (ETFs).
The proposed series includes five funds, led by the "GSR Digital Asset Treasury Companies ETF." This fund would invest in publicly traded companies that hold digital assets, such as Bitcoin or Ether, on their corporate balance sheets.
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According to the application, the fund will allocate at least 80% of its assets to equity securities of such companies.
The other proposed ETFs include funds focused on Ethereum, crypto staking, and one that tracks a basket of assets including Bitcoin, Ether, and Solana.