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

GSR, a prominent cryptocurrency trading firm, has launched its first exchange-traded fund (ETF), marking its entry into the rapidly growing digital asset management sector. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with exposure to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and features active portfolio management, as well as the ability to generate staking rewards on eligible assets. This launch comes at a time when crypto ETFs are gaining 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, the GSR Crypto Core3 ETF offers a basket fund that bundles 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 crypto markets: bitcoin's role as a macro asset and the growth of blockchain platforms such as Ethereum and Solana, which support applications like stablecoins and tokenized assets. The fund's investment strategy involves active allocation across the three assets, with weekly rebalancing based on research-driven signals designed to pursue additional returns. Framework Digital Advisors will serve as the fund's investment adviser. This move marks a significant expansion of GSR's business beyond trading and market making into asset management. With over a decade of experience 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 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 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.