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

GSR, a prominent cryptocurrency trading firm, has announced the launch of its inaugural exchange-traded fund (ETF), thereby entering a rapidly expanding segment of the digital asset market. This development comes as investor demand for regulated cryptocurrency exposure continues to grow. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker symbol BESO, offers investors exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and features both active portfolio management and the ability to earn staking rewards on eligible assets. This launch is part of a broader trend, 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, such as bitcoin, others have introduced basket funds similar to Core3, which combines multiple tokens into a single product and adjusts allocations on a weekly basis. According to GSR, the fund aims to reflect two primary themes in cryptocurrency 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 firm stated that 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, and the ETF introduces staking rewards, a feature not commonly found 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 CEO Xin Song noted that the company has spent over a decade building efficient cryptocurrency markets and is now extending its expertise into a product accessible to a broader range of investors with the launch of Core3.