GSR Unveils its Maiden ETF, Offering Investors a Simplified Way to Invest in Top Cryptocurrencies

GSR, a prominent crypto trading firm, has introduced its inaugural exchange-traded fund (ETF), marking its entry into a rapidly growing segment of the digital asset market, driven by increasing investor demand for regulated crypto 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 active portfolio management, as well as the ability to generate staking rewards on eligible assets. This launch occurs as crypto ETFs gain popularity among both retail 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, such as bitcoin, others have introduced basket funds, similar to Core3, which combines multiple tokens into a single product and adjusts allocations on a weekly basis. GSR states that the fund aims to capture 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 actively across the three assets 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 expands GSR's business beyond trading and market making into asset management. Having spent over a decade providing liquidity and over-the-counter trading services in crypto markets, GSR is now leveraging that expertise to create investment products. The ETF also introduces staking rewards, a feature not commonly found in traditional investment vehicles but one that has been incorporated into some existing crypto ETFs, including 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.