Crypto firm GSR pushes into ETFs with Wall Street-style treasury fund

GSR has filed for a new ETF that bundles public companies using their own stock to buy crypto like Bitcoin, Ethereum, and Solana, turning a weird Wall Street trick into a formal investment ￰0￱ fund is called the GSR Digital Asset Treasury Companies ETF, and the point isn’t to back crypto themselves, but to follow companies that bought tokens with equity. Basically, instead of raising money the normal way, these firms issued inflated shares and turned them into Bitcoin or ￰1￱ is packaging that entire idea into one ￰2￱ plan also includes up to 15% of the fund in private deals known as PIPEs, that is when investors buy shares straight from a ￰3￱ cap exists to avoid problems with ETF liquidity ￰4￱ builds crypto ETF as deal momentum slows GSR launched a ￰5￱ management division and opened a new office in New York to go full throttle on ￰6￱ will be its first ETF, but not the ￰7￱ is also planning four more funds, including an Ethereum staking fund and one called “Crypto Core3” that mixes Bitcoin, Ethereum, and Solana.

They’re clearly trying to carve out space ￰8￱ already has skin in the ￰9￱ helped Upexi buy Solana and manage the portfolio tied to that ￰10￱ says it has handled more than $1 trillion in trades across over 250 ￰11￱ strategy it’s pushing with this ETF takes the retail-driven hype behind crypto and adds institutional ￰12￱ the problem is, the energy around these trades peaked back in ￰13￱ companies that jumped into this trend have been watching their stocks ￰14￱ are no longer impressed just because a company bought a bunch of ￰15￱ GSR isn’t the only one trying to make crypto trades easier to access. There’s already the Grayscale Bitcoin Adopters ETF (BCOR), which follows firms holding Bitcoin.

There’s also REX’s ETF (BMAX), which tracks convertible bonds from crypto-heavy ￰16￱ clears path for crypto ETFs under new rule The timing of this filing lines up with a major change from the ￰17￱ agency just adopted new rules to fast-track commodity-based ETF listings, which include ￰18￱ the old rules, new ETF applications could take up to 270 days to clear. Now, if a fund meets a few basic requirements, it could launch in 75 days or ￰19￱ was the first to ￰20￱ two days of the SEC’s vote, it rolled out its Grayscale CoinDesk Crypto 5 ETF, which includes Bitcoin, Ethereum, XRP, Solana, and ￰21￱ CEO Peter Mintzberg said this approval showed their push for “public market access, regulatory clarity and product innovation” is finally paying ￰22￱ now, there are 21 crypto ETFs in the ￰23￱ hold Bitcoin or Ethereum or ￰24￱ more are on the ￰25￱ McClurg, who runs Canary Capital Group, said, “We’ve got about a dozen filings with the SEC now, and more coming.

We’re all getting ready for a wave of launches.” Teddy Fusaro, the president of Bitwise, said, “Those filings are pretty far along in the review ￰26￱ are the rules we had been anticipating.” Analysts believe the first funds to get approved under the new SEC rules will likely be tied to Solana and ￰27￱ launches are expected by early ￰28￱ Groth at DGIM Law said the last quarter of 2025 could be packed with new crypto ETF ￰29￱ qualify under the fast process, the ETF must meet at least one of three ￰30￱ coin either needs to trade on a regulated market or have CFTC-regulated futures that have been live for at least six ￰31￱ there needs to be another ETF tied to the same coin, with 40% of its holdings directly in that crypto instead of swaps or ￰32￱ not every pending ETF meets those ￰33￱ DaCruz, director at VanEck, said, “The next step is to talk to our lawyers to see which products can move forward and how rapidly will they get onto the market.” Still, there’s a big question mark around investor ￰34￱ said the flood of new ETFs will bring in a ton of tokens most people have never heard of.

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