GSR Unveils Its Debut ETF, Offering Investors a Simplified Way to Invest in Top Cryptocurrencies

GSR, a prominent cryptocurrency trading firm, has launched its inaugural exchange-traded fund (ETF), marking its entry into a rapidly growing sector of the digital asset market. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker symbol BESO, provides investors with exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and features active portfolio management, as well as the ability to generate staking yields on eligible assets. This launch comes at a time when crypto ETFs are gaining popularity among both retail and institutional investors seeking convenient access to digital assets through traditional brokerage accounts. Unlike most U.S.-listed crypto ETFs, which focus on single assets like bitcoin, the Core3 ETF offers a basket fund that combines multiple tokens into a single product and adjusts allocations on a weekly basis. The fund aims to capture two primary 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. According to GSR, the fund allocates its assets actively across the three cryptocurrencies and rebalances weekly based on research-driven signals designed to pursue additional returns. Framework Digital Advisors will serve as the fund's investment adviser. This move marks GSR's expansion into asset management, building on its over a decade-long experience providing liquidity and over-the-counter trading services in crypto markets. The firm is now leveraging its expertise to create investment products, including the Core3 ETF, which introduces staking rewards, a feature not commonly found in traditional investment vehicles. This allows the fund to generate yield from certain blockchain networks while holding assets. As stated by GSR CEO Xin Song, '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.'