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

GSR, a prominent cryptocurrency trading firm, has launched its inaugural exchange-traded fund (ETF), marking its entry into a rapidly expanding segment of the digital asset market. This move is driven by increasing investor demand for regulated cryptocurrency exposure. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with access to three major cryptocurrencies: bitcoin, ether, and solana. The fund has a management fee of 1% and features both active portfolio management and 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. While most U.S.-listed crypto ETFs have focused on single assets, particularly bitcoin, some have shifted towards 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 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 actively across the three assets and rebalances weekly based on research-driven signals designed to pursue additional returns,' GSR stated in a press release. Framework Digital Advisors will serve as the fund's investment adviser. This expansion marks GSR's move beyond trading and market making into asset management. Having spent over a decade providing liquidity and over-the-counter trading services in crypto markets, the firm now seeks to package its expertise into investment products. The ETF also introduces staking rewards, a feature not commonly found in traditional investment vehicles but added to some existing crypto ETFs, including the largest, BlackRock's iShares Bitcoin Trust (IBIT). This feature enables 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.