GSR Unveils Its First ETF, Providing Investors with 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 symbol BESO, provides investors with exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund comes with a 1% management fee and features active portfolio management, as well as the ability to earn staking rewards on eligible assets. This launch coincides with the increasing demand for regulated crypto exposure among investors, who are seeking easier access to digital assets through traditional brokerage accounts. Unlike most U.S.-listed crypto ETFs, which have focused on single assets like bitcoin, the Core3 fund takes a different approach by bundling multiple tokens into a single product and adjusting allocations on a weekly basis. According to GSR, the fund aims to reflect two primary themes in crypto markets: the role of bitcoin 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. This move marks a significant expansion of GSR's business beyond trading and market making into asset management, leveraging the firm's decade-long expertise in providing liquidity and over-the-counter trading services in crypto markets. The ETF also introduces staking rewards, a feature that allows 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.'