GSR Unveils Inaugural ETF, Offering Simplified Access to Top Cryptocurrencies

GSR, a prominent crypto trading firm, has launched its maiden 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 BESO, provides exposure to three major cryptocurrencies: bitcoin, ether, and solana. With a management fee of 1%, the fund combines active portfolio management with the ability to earn staking rewards on eligible assets. This launch comes as crypto ETFs gain popularity among both retail and institutional investors seeking effortless access to digital assets via traditional brokerage accounts. While most US-listed crypto ETFs have focused on single assets, particularly bitcoin, some have shifted towards basket funds like Core3, which bundles multiple tokens into a single product and adjusts allocations weekly. GSR's fund aims to reflect two primary themes in crypto markets: bitcoin's role as a macro asset and the growth of blockchain platforms like Ethereum and Solana, which support applications such as stablecoins and tokenized assets. According to GSR, the fund allocates assets 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, and the 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, GSR is now packaging its expertise into investment products. The ETF introduces staking rewards, a feature not commonly found in traditional investment vehicles but added to 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. '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.