GSR Introduces First ETF, Offering Investors 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 growing digital asset market segment. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with exposure to three major cryptocurrencies: bitcoin, ether, and solana. With a management fee of 1%, the fund combines active portfolio management with the ability to generate staking rewards on eligible assets. This launch comes as crypto ETFs gain popularity among both retail and institutional investors seeking easier access to digital assets via traditional brokerage accounts. Unlike most US-listed crypto ETFs, which focus on single assets like bitcoin, the Core3 fund adopts a basket approach, bundling multiple tokens into a single product and adjusting 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 such as Ethereum and Solana, which support applications like 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, while GSR expands its 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 now seeks to leverage its expertise into investment products. A notable feature of the ETF is the introduction of staking rewards, which enables 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.'