Summary
- GSR reportedly submitted to the U.S. SEC a new ETF product that invests in companies holding digital assets.
- The ETF said it would invest at least 80% of total assets in the stocks of companies that have incorporated digital assets such as Bitcoin (BTC), XRP (XRP), and Solana (SOL) into their treasuries.
- Companies' incorporation of digital assets has rapidly grown, attracting about $20 billion in venture investment this year, but some investors say the growth has peaked.
On the 24th (local time), crypto-focused media The Block reported that crypto market maker GSR has submitted to the U.S. Securities and Exchange Commission (SEC) a new exchange-traded fund (ETF) product that invests in companies holding virtual assets (cryptocurrencies) on their financial statements.
The newly proposed 'GSR Digital Asset Treasury Companies ETF (Digital Asset Treasury Companies ETF)' would, under normal market conditions, invest at least 80% of net assets in the stocks of companies that have incorporated digital assets such as Bitcoin (BTC), XRP, and Solana (SOL) into their treasuries.
GSR also disclosed in the filing plans to launch ETFs including an Ethereum (ETH)-related staking and yield-tracking fund.
This move comes as the trend of incorporating digital assets into corporate finances (DAT, Digital Asset Treasuries) has grown rapidly over the past year. About $20 billion in venture capital has flowed into the sector this year alone. However, some investors assessed that "it has already reached a peak and future new fundraising will shrink."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)
