GSR Unveils First ETF, Offering Simplified Access to Top Cryptocurrencies

GSR, a prominent cryptocurrency trading firm, has launched its inaugural exchange-traded fund (ETF), marking its entry into the rapidly expanding digital asset market. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with exposure to three major cryptocurrencies: bitcoin, ether, and solana. This fund comes with a 1% management fee and features active portfolio management, as well as the ability to generate staking rewards on eligible assets. The launch of this ETF is timely, as crypto ETFs have gained popularity among both individual and institutional investors seeking easier access to digital assets through traditional brokerage accounts. Unlike most US-listed crypto ETFs, which focus on single assets like bitcoin, the GSR Crypto Core3 ETF offers a basket of multiple tokens, adjusting allocations on a weekly basis. According to GSR, the 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's investment strategy involves active allocation across the three assets, with weekly rebalancing 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 expertise in providing liquidity and over-the-counter trading services in crypto markets. The ETF also introduces staking rewards, a feature not commonly found in traditional investment vehicles but available in some existing crypto ETFs. This allows the fund to generate yield from certain blockchain networks while holding assets. 'With Core3, we are extending our expertise into a product accessible to a broader range of investors,' said GSR CEO Xin Song.