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

Digital asset trading firm GSR has introduced its first exchange-traded fund, marking its entry into a rapidly expanding segment of the cryptocurrency market, as investor demand for regulated crypto investment vehicles continues to grow. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker symbol BESO, provides investors with exposure to three prominent cryptocurrencies: bitcoin, ether, and solana. The fund carries a management fee of 1% and combines active portfolio management with the potential to earn staking rewards on eligible assets. The launch of this ETF comes at a time when crypto ETFs are gaining popularity among both individual and institutional investors seeking easier access to digital assets through 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 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 allocates assets actively across the three assets and rebalances weekly based on research-driven signals designed to pursue additional returns,' GSR stated in a press release. 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, the firm is now seeking to package that expertise into investment products. The ETF also introduces staking rewards, a feature not commonly found in traditional investment vehicles but one that has been added to some existing crypto ETFs, including the largest, BlackRock's iShares Bitcoin Trust. 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,' GSR CEO Xin Song said.