GSR Introduces Its Inaugural ETF, Offering a Simplified Route to Investing in Top Cryptocurrencies

GSR, a prominent cryptocurrency trading firm, has unveiled its first exchange-traded fund (ETF), marking its entry into a rapidly expanding sector of the digital asset market, as investor appetite for regulated crypto exposure continues to escalate. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker symbol BESO, provides exposure to three major digital currencies: bitcoin, ether, and solana. The fund comes with a management fee of 1% and features both active portfolio management and the potential to earn staking rewards on eligible assets. This launch occurs at a time when crypto ETFs are gaining popularity among both individual and institutional investors seeking seamless access to digital assets via traditional brokerage accounts. While most U.S.-listed crypto ETFs have focused on single assets, particularly bitcoin, others have transitioned to 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 is designed 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. The fund allocates assets actively across the three cryptocurrencies and rebalances weekly based on research-driven signals aimed at pursuing additional returns, as stated by GSR in a press release. 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, leveraging over a decade of experience providing liquidity and over-the-counter trading services in crypto markets. The firm now seeks to package this expertise into investment products. The ETF also introduces staking rewards, a feature uncommon in traditional investment vehicles but added to some existing crypto ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), allowing 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.