GSR launches crypto ETF for BTC, ETH and SOL

GSR launched an actively managed multi-asset crypto ETF that provides regulated exposure to Bitcoin, Ethereum and Solana through a single fund. The firm will manage day-to-day trading and portfolio decisions for brokerage and institutional accounts.

The ETF invests primarily in the spot markets for the three tokens. Portfolio managers can change weightings among Bitcoin, Ethereum and Solana in response to market conditions and liquidity, hold cash or cash equivalents for liquidity management, and execute intraday trades to pursue the fund's investment objective.

GSR provided fee information, the fund's ticker and the listing exchange in launch materials and in the prospectus available to prospective investors.

The fund uses third-party custodians for on-chain asset storage and operates compliance processes for fund operations. The prospectus includes risk disclosures covering price volatility, technological vulnerabilities and regulatory changes that could affect the value of the holdings.

Crypto-focused exchange-traded products have expanded from single-asset spot funds and futures-based products to include multi-asset ETFs that combine several tokens in one vehicle and allow managers to adjust allocations within a stated mandate.

GSR, known for market-making and trading desks across centralized exchanges and over-the-counter markets, is extending its product set into exchange-traded investment vehicles that trade on traditional capital markets platforms.