Wall Street may soon see new ETFs tied to crypto treasuries, staking, and token bundles
Crypto trading and market-making firm GSR has filed to launch its first-ever set of exchange-traded funds (ETFs), including a headline product focused on companies holding digital assets in their treasuries. The filing also includes four other ETFs tied to staking rewards and direct exposure to major cryptocurrencies.
According to the regulatory filing, the GSR Digital Asset Treasury Companies ETF would invest in public firms that hold significant amounts of cryptocurrency in their corporate treasuries. This could include Bitcoin-buying Strategy Inc., Ether-holding BitMine Immersion Technologies, and firms with exposure to Solana or other altcoins.
The filing states:
“The Fund, under normal market conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that hold digital assets in their corporate treasury.”
The ETF would initially hold 10–15 positions across 5–10 issuers. Importantly, it places no minimum market capitalization requirement, allowing smaller firms like SUI Group Holdings or CEA Industries (which holds BNB) to be included.
Crypto Staking ETFs
Alongside the treasury fund, GSR also filed for three staking-focused ETFs:
- GSR Ethereum Staking Opportunity ETF – will stake ETH via an offshore subsidiary.
- GSR Ethereum YieldEdge ETF – actively managed with derivatives to enhance yield.
- GSR Crypto StakingMax ETF – focused on proof-of-stake cryptocurrencies and related securities.
These ETFs are structured under the Investment Company Act of 1940, which places restrictions on direct crypto holdings. As a workaround, GSR plans to use offshore subsidiaries to manage staking activities.
Core3 ETF for Direct Crypto Exposure
The fifth fund, the GSR Crypto Core3 ETF, was filed under the Securities Act of 1933, the same framework used for spot Bitcoin and Ether ETFs approved last year. This fund would provide balanced exposure to Bitcoin, Ether, and Solana, with each asset representing about one-third of its holdings. Unlike the staking funds, the Core3 ETF could directly hold tokens, giving investors more straightforward exposure.
The filing comes as Wall Street demand for digital asset ETFs grows, with asset managers experimenting with products tied to staking, treasuries, and token bundles. While crypto treasury companies have drawn investor interest, analysts have warned that smaller firms betting on riskier tokens may add volatility.
Still, the rise of ETFs such as GSR’s reflects a broader trend: institutional investors seeking structured, regulated pathways into digital assets without directly holding cryptocurrencies themselves.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.