GSR Introduces Its First ETF, Providing Investors with Simplified Access to Top Cryptocurrencies

GSR, a prominent crypto trading firm, has launched its inaugural 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, provides exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and includes active portfolio management, as well as the ability to earn staking rewards on eligible assets. This launch comes as crypto ETFs gain popularity among both retail and institutional investors seeking easier access to digital assets through traditional brokerage accounts. Unlike most U.S.-listed crypto ETFs, which focus on single assets like bitcoin, the Core3 fund takes a different approach by bundling multiple tokens into a single product and adjusting allocations on a weekly basis. The 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 tokens and rebalances weekly based on research-driven signals designed to pursue additional returns. Framework Digital Advisors will serve as the fund's investment adviser. This move marks GSR's expansion beyond trading and market making into asset management, leveraging its over-a-decade-long expertise in providing liquidity and over-the-counter trading services in crypto markets. The ETF also 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. As stated by GSR CEO Xin Song, '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.'