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 the rapidly growing digital asset market segment. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO, provides investors with exposure to three major cryptocurrencies: bitcoin, ether, and solana. With a management fee of 1%, the fund combines active portfolio management with the potential to earn staking yields on eligible assets. The launch of this ETF caters to the increasing demand for regulated cryptocurrency exposure among investors, who are 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 GSR Crypto Core3 ETF adopts a basket approach, bundling multiple tokens into one product and adjusting allocations on a weekly basis. The fund aims to reflect two primary themes in the cryptocurrency market: 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 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, while GSR expands its business beyond trading and market making into asset management. Having spent over a decade providing liquidity and over-the-counter trading services in cryptocurrency 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. 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.'