GSR Submits SEC ETF for Companies Holding Cryptocurrency Reserves — 80% Minimum, Targets 10–15 U.S. Stocks, PIPE Possible

COINOTAG News on September 25, citing Decrypt, reports that market maker GSR has filed a new ETF application with the SEC. The proposed GSR ETF is structured to target companies that maintain significant cryptocurrency reserves on their balance sheets, according to the filing.

The filing specifies a minimum allocation of 80% to issuers holding crypto assets, aiming to construct a concentrated portfolio of approximately 10–15 securities. The strategy prioritizes firms listed on the U.S. stock exchange and contemplates selective inclusion of PIPE transactions where appropriate.

This submission remains subject to standard regulatory review and disclosure processes; it should not be construed as approval. All statements reflect the information disclosed in the application and reputable reporting sources, avoiding speculative or unverified claims.