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

Leading cryptocurrency trading firm GSR has introduced its first exchange-traded fund (ETF), marking its entry into a rapidly growing segment of the digital asset market, driven by increasing investor demand for regulated cryptocurrency investment opportunities. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with exposure to three prominent cryptocurrencies: bitcoin, ether, and solana. With a management fee of 1%, the fund combines active portfolio management with the potential 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 straightforward access to digital assets via traditional brokerage accounts. While many U.S.-listed crypto ETFs have focused on single assets, such as bitcoin, others have shifted towards basket funds, similar to Core3, which bundles multiple tokens into one product and adjusts allocations on a weekly basis. According to GSR, the fund aims to capture two significant themes in crypto markets: the role of bitcoin as a macro asset and the growth of blockchain platforms like Ethereum and Solana, which support applications such as stablecoins and tokenized assets. GSR stated that the fund actively allocates across the three assets and rebalances weekly based on research-driven signals designed to pursue additional returns. Framework Digital Advisors will serve as the fund's investment adviser, marking an expansion of 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 leveraging its expertise to create investment products. The ETF also introduces staking rewards, a feature uncommon in traditional investment vehicles but available in some existing crypto ETFs, including BlackRock's iShares Bitcoin Trust (IBIT). This feature 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.'