- Market maker GSR has launched its first exchange-traded fund (ETF) linked to the three largest cryptocurrencies.
- The new GSR Crypto Core3 saw nearly $5 million in trading volume on its first day.
GSR, an institutional cryptocurrency trading platform Launched its first cryptocurrency exchange-traded fund, GSR Crypto Core3 (BESO), which tracks the spot prices of Bitcoin, Ethereum and Solana, and also offers a reward for staking.
In GSR also сообщили, which will use a “dynamic allocation strategy” to optimize the fund’s returns, which carries a 1% management fee.
GSR CEO Xin Song announced that the company has entered the cryptocurrency market. ETFto make its services available to a wider range of investors.
Our strategy regarding ETF reflects our deep understanding of how this asset class is evolving,” he wrote.
Already on the first day, the trading volume of the new ETF 185,574 BESO shares were sold for approximately $4,8 million. The stock closed at $26,04 but rose to $33 after the close.
GSR was founded by former Goldman Sachs traders Christian Heal and Richard Rosenblum in 2013 and has become one of the most established cryptocurrency market makers in the industry.
GSR’s entry into the market coincided with a wave of activity from Wall Street companies that have recently launched or announced plans to launch crypto-ETF.
Редакция Happy Coin News earlier Wrote, that investment bank Morgan Stanley launched a spot market on April 8 bitcoin ETF and has already attracted $163,8 million in net cash inflow.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/