Major Market Maker GSR Launches Multi-Asset Crypto ETF
GSR Markets, a leading crypto market maker, has entered the ETF space with Core3, an actively managed fund tracking Bitcoin, Ethereum, and Solana.
What happened: GSR Markets, a leading crypto market maker, has entered the ETF space with Core3, an actively managed fund tracking Bitcoin, Ethereum, and Solana. This represents GSR's first foray into the rapidly expanding crypto ETF market, which has seen explosive growth since spot Bitcoin ETF approvals.
Why it matters: GSR's entry signals maturation of the crypto ETF ecosystem beyond single-asset products. As a major market maker with deep liquidity connections, GSR's fund could offer superior execution and tighter spreads. The multi-asset approach also provides diversified crypto exposure in a single vehicle, appealing to institutions seeking broad sector allocation without operational complexity.
Source: The Block