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

GSR, a prominent cryptocurrency trading firm, has launched its inaugural exchange-traded fund (ETF), marking its entry into a rapidly growing segment of the digital asset market. This move comes as investor demand for regulated cryptocurrency exposure continues to increase. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and includes both active portfolio management and the ability to earn staking rewards on eligible assets. The launch of this ETF is timely, as crypto ETFs have gained popularity among both retail 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. GSR stated that 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. According to GSR, 'the fund allocates actively 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. 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 packaging its expertise into investment products. The ETF also introduces staking rewards, a feature not commonly available 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 allows 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.