GSR Introduces Its Inaugural ETF, Providing Simplified Access to Top Cryptocurrencies

GSR, a prominent cryptocurrency trading firm, has unveiled its first exchange-traded fund (ETF), signaling its entry into a rapidly expanding segment of the digital asset market. 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 potential to earn staking rewards on eligible assets. This launch occurs as crypto ETFs gain popularity among both individual 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 fund adopts a basket approach, bundling multiple tokens into one product and adjusting allocations weekly. GSR's fund aims to capture 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 cryptocurrencies and rebalances weekly based on research-driven signals designed to pursue additional returns. Framework Digital Advisors will serve as the fund's investment adviser, marking GSR's expansion into asset management beyond its traditional trading and market-making activities. 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 uncommon 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. '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,' stated GSR CEO Xin Song.