GSR Unveils Its Debut ETF, Offering Investors a Simplified Way to Invest in Top Cryptocurrencies

GSR, a prominent crypto trading firm, has announced the launch of its first exchange-traded fund (ETF), marking its entry into a rapidly growing segment of the digital asset market. 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 combines active portfolio management with the ability to generate staking yields on eligible assets. This launch comes as crypto ETFs are gaining popularity among both retail and institutional investors seeking easy access to digital assets through traditional brokerage accounts. Unlike most US-listed crypto ETFs, which focus on single assets like bitcoin, the Core3 fund takes a different approach by offering a basket of multiple tokens, adjusting allocations on a weekly basis. According to GSR, the fund aims to capture two key 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's allocation across the three assets is actively managed and rebalanced weekly based on research-driven signals designed to generate 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. 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 crypto ETFs, including the largest, BlackRock's iShares Bitcoin Trust (IBIT). 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.