GSR submits application to the US SEC to launch digital asset treasury company ETF and multiple crypto funds

Odaily Planet Daily reports that crypto market maker GSR has submitted an application to the US SEC to launch a digital asset treasury company ETF, with at least 80% of its assets allocated to publicly traded companies holding cryptocurrencies. Initially, the fund plans to include 10 to 15 stocks, including Strategy, Bitmine, SharpLink, and SUI Group. GSR has also applied for four funds related to Ethereum staking, crypto staking, the core three assets (BTC, ETH, SOL), and Ethereum returns. Previously, the SEC relaxed listing standards for commodity trust funds, making the approval environment for crypto ETFs more relaxed. (Decrypt)