GSR Unveils Its Inaugural ETF, Offering Investors a Simplified Way to Invest in 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, driven by increasing demand for regulated crypto exposure. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with access 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 rewards on eligible assets. The launch of this ETF is timely, as crypto ETFs have gained popularity among both retail and institutional investors seeking to access digital assets through traditional brokerage accounts. While most US-listed crypto ETFs have focused on single assets, such as bitcoin, others have introduced basket funds, similar to Core3, which combines multiple tokens into a single product and adjusts allocations on a weekly basis. According to GSR, 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. The fund allocates assets actively across the three cryptocurrencies and rebalances weekly based on research-driven signals designed to generate additional returns. Framework Digital Advisors will serve as the fund's investment adviser. This move marks GSR's expansion beyond trading and market making into asset management, leveraging its expertise in providing liquidity and over-the-counter trading services in crypto markets over the past decade. 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 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.