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

GSR, a prominent cryptocurrency trading firm, has announced the launch of its first exchange-traded fund (ETF), marking its entry into a rapidly growing segment of the digital asset market. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, offers investors 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 generate staking rewards on eligible assets. This launch is timely, given the increasing demand from investors for regulated crypto exposure and the growing popularity of crypto ETFs among both retail and institutional investors seeking simplified access to digital assets through traditional brokerage accounts. Unlike most U.S.-listed crypto ETFs, which focus on single assets like bitcoin, the GSR Crypto Core3 ETF adopts a basket approach, combining multiple tokens into a single product and adjusting allocations on a weekly basis. According to GSR, the fund is designed to reflect two key themes in crypto markets: the role of bitcoin as a macro asset and the growth of blockchain platforms like Ethereum and Solana, which support applications such as stablecoins and tokenized assets. The fund's allocation across the three assets is active and rebalances weekly based on research-driven signals aimed at pursuing additional returns. Framework Digital Advisors will serve as the investment adviser for the fund. This move marks a significant expansion of GSR's business beyond trading and market making into asset management, leveraging over a decade of experience in providing liquidity and over-the-counter trading services in crypto markets. The introduction of staking rewards in the ETF is a notable feature, allowing the fund to generate yield from certain blockchain networks while holding assets, a feature not commonly found in traditional investment vehicles but included in some existing crypto ETFs. "With Core3, GSR is extending its expertise in building efficient crypto markets into a product accessible to a broader range of investors," said GSR CEO Xin Song.