GSR submitted DAT ETF, collecting encryption reserve enterprise companies.

Crypto Assets market maker GSR is submitting a new proposal to the SEC ( SEC ) to expand to the digital asset financial company ( DAT ) by issuing the GSR Digital Asset Treasury Companies ETF, through public markets or PIPE private sale investments, to purchase more shares of encryption reserve companies.

GSR's DAT list

According to its submitted documents, examples of DAT include but are not limited to:

MicroStrategy (MSTR)

Upexi (UPXI)

DeFi Development Corp (DFDV)

CEA Industries Inc. (BNC)

SharpLink (SBET)

Bitmine (BMNR)

SUI Group Holdings Limited (SUIG)

Lite Strategy (MEIP)

TON Strategy Company (TONX)

Empery Digital Inc (EMPD)

ETHZilla Corporation (ETHZ)

It is worth noting that this fund can invest in private investments in public equity ( PIPE ), but the limit for illiquid investments is 15%. PIPE is a privately negotiated transaction in which qualified investors (, such as institutions or funds ), purchase equity securities directly from public companies, usually at prices below the market price. These transactions typically provide issuers with a faster means of raising funds and have fewer regulatory requirements than traditional public offerings. However, securities purchased in PIPE transactions may be subject to restrictions on resale, and their liquidity may be lower than that of securities purchased in the public market.

GSR develops new encryption gameplay by acquiring a small company to transform into a crypto company.

The cryptocurrency market maker GSR had previously developed a new type of investment method, which is to purchase a very small publicly listed company and convert it into a cryptocurrency-type company, and then sell its shares at a premium. And the “purchase” mentioned here does not refer to “acquiring 100% of the shares and privatizing it,” but rather “buying new shares of the company with cash, thereby controlling the company, investing its funds into cryptocurrency, and then selling more shares.”

For example, Upexi, a reserve company of Solana that entered the market early, was led by GSR, with participation from Delphi Ventures, Maelstrom ( Arthur Hayes family office ), raising funds to transform into DAT. Through early PIPE investments, the initial capital quickly multiplied several times, which is more profitable than operating a crypto fund!

( The new blue ocean of crypto capital, the leveraged investment method for listed companies transforming into Crypto Assets )

However, GSR applied for the GSR Digital Asset Treasury Companies ETF, which is beneficial for raising funds to purchase more DAT, whether through private sale PIPE methods or secondary market trading. It should also aim to expand the market pie and provide a more convenient channel for those investors who do not know how to choose DAT. After all, DAT is emerging like mushrooms after rain now, and if one is not careful, it is easy to fall into the trap of capital loss, with the investment principal never to return.

This article reports that GSR submitted the DAT ETF, gathering crypto asset reserve companies, first appearing in Chain News ABMedia.