GSR Unveils Its Debut ETF, Offering Investors Simplified Access to Top Cryptocurrencies

GSR, a prominent cryptocurrency trading firm, has introduced its first exchange-traded fund (ETF), marking its entry into a rapidly growing segment of the digital asset market. This move comes as demand for regulated cryptocurrency exposure continues to increase among investors. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and features both active portfolio management and the opportunity to earn staking rewards on eligible assets. The launch of this ETF is part of a broader trend, where crypto ETFs are gaining popularity among both retail and institutional investors seeking easier access to digital assets through traditional brokerage accounts. While most U.S.-listed crypto ETFs have focused on single assets, such as bitcoin, others have introduced basket funds similar to Core3, which bundles multiple tokens into a single product and adjusts allocations on a weekly basis. According to GSR, the fund is designed to reflect two key themes in crypto markets: bitcoin's role as a macro asset and the growth of blockchain platforms like Ethereum and Solana, which support applications such as stablecoins and tokenized assets. GSR stated that the fund actively allocates across the three assets and rebalances weekly based on research-driven signals aimed at pursuing additional returns. Framework Digital Advisors will serve as the fund's investment adviser. This move expands GSR's business beyond trading and market making into asset management, leveraging over a decade of experience in providing liquidity and over-the-counter trading services in crypto markets. The firm is now packaging its expertise into investment products. The ETF also introduces staking rewards, a feature not commonly found in traditional investment vehicles but available in some existing crypto ETFs, including BlackRock's iShares Bitcoin Trust (IBIT). This feature allows the fund to generate yield from certain blockchain networks while holding assets. 'GSR has spent over a decade building efficient crypto markets, and with Core3, we are extending that expertise into a product accessible to a broader range of investors,' said GSR CEO Xin Song.