GSR Unveils Its Debut ETF, Offering Investors a Simple Way to Invest in Top Cryptocurrencies

Digital asset trading firm GSR has introduced its first exchange-traded fund (ETF), marking its entry into a rapidly growing segment of the cryptocurrency market as demand for regulated crypto exposure from investors continues to increase. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with exposure to three major digital currencies: bitcoin, ether, and solana. The fund has a management fee of 1% and includes both active portfolio management and the potential to earn staking rewards on eligible assets. This launch occurs 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 U.S.-listed crypto ETFs have focused on single assets, particularly bitcoin, some have shifted towards 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 reflect 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 allocates its 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 leverage 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 (IBIT). This feature enables 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.