Bitcoin, Ethereum, Solana to Feature in GSR’s Core3 ETF

[kevin1]

GSR’s most direct crypto play in its new ETF lineup is the Crypto Core3 ETF, a product designed to track Bitcoin, Ethereum, and Solana in equal proportions.

Filed under the Securities Act of 1933, the same structure used for spot Bitcoin and Ethereum ETFs, the Core3 fund would hold the tokens directly and maintain a roughly one-third allocation to each asset.

By adding Solana, GSR differentiates the fund from existing spot ETFs. Analysts say the trio reflects different pillars of the digital asset ecosystem: Bitcoin as a store of value, Ethereum as a smart contract backbone, and Solana as a high-throughput proof-of-stake network.

The equal-weight strategy may appeal to investors seeking diversified exposure in a single ticker. However, it also means that Solana is overweighted relative to its global market capitalization, introducing higher volatility into the product.

The filing underscores the race among asset managers to expand beyond single-asset ETFs into bundled crypto investment products that blend utility and narrative across the sector.