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

GSR, a prominent cryptocurrency trading firm, has announced the launch of its first exchange-traded fund (ETF), marking its entry into the rapidly expanding 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. With a management fee of 1%, the fund combines active portfolio management with the potential to earn staking rewards on eligible assets. As demand for regulated cryptocurrency exposure continues to grow, the launch of this ETF is well-timed, offering both retail and institutional investors a more straightforward means of accessing digital assets through traditional brokerage accounts. Unlike most U.S.-listed crypto ETFs, which have focused on individual assets like bitcoin, the GSR Crypto Core3 ETF adopts a basket approach, bundling multiple tokens into a single product and adjusting allocations on a weekly basis. The fund's strategy is designed to reflect two key themes in cryptocurrency 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 cryptocurrencies and rebalances weekly based on research-driven signals aimed at pursuing 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, leveraging over a decade of experience in providing liquidity and over-the-counter trading services in cryptocurrency markets. The introduction of staking rewards, a feature not commonly found in traditional investment vehicles, allows the fund to generate yield from certain blockchain networks while holding assets. As noted 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.'