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

GSR, a prominent cryptocurrency trading firm, has launched its first exchange-traded fund (ETF), marking its entry into the rapidly growing digital asset management sector. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker symbol BESO, provides exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and combines active portfolio management with the ability to generate staking yields on eligible assets. This launch occurs as crypto ETFs gain popularity among both individual and institutional investors seeking straightforward access to digital assets via traditional brokerage accounts. While most US-listed crypto ETFs have focused on single assets, particularly bitcoin, some have shifted towards basket funds, similar to Core3, which bundles multiple tokens into a single product and adjusts allocations weekly. GSR's fund aims to reflect 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. The fund allocates 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 expands GSR's business beyond trading and market making into asset management. Having spent over a decade providing liquidity and over-the-counter trading services in crypto markets, GSR is now packaging its expertise into investment products. The ETF also introduces staking rewards, a feature uncommon in traditional investment vehicles but added to some existing crypto ETFs, including BlackRock's iShares Bitcoin Trust (IBIT). This allows the fund to generate yield from certain blockchain networks while holding assets. According to 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.'