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

GSR, a prominent crypto trading firm, has introduced its first exchange-traded fund (ETF), marking its foray into the rapidly expanding digital asset management sector. 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 potential to earn staking rewards on eligible assets. The launch of this ETF is well-timed, as crypto ETFs have gained significant traction among both retail and institutional investors seeking straightforward access to digital assets via traditional brokerage accounts. Unlike most U.S.-listed crypto ETFs, which focus on single assets like bitcoin, the Core3 ETF 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 active allocation across the three assets and weekly rebalancing are guided by 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 is now leveraging its expertise to create investment products. The ETF also introduces staking rewards, a feature not commonly found in traditional investment vehicles but available in some existing crypto ETFs. This allows the fund to generate yield from certain blockchain networks while holding assets. According to 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.'