GSR Unveils Its Debut ETF, Providing Investors with Simplified Access to Top Cryptocurrencies

Digital asset trading firm GSR has introduced its inaugural exchange-traded fund, marking its foray into a rapidly expanding segment of the cryptocurrency market. The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker symbol BESO, offers investors exposure to a trio of prominent cryptocurrencies: bitcoin, ether, and solana. With a management fee of 1%, the fund combines active portfolio management with the potential to generate staking rewards on eligible assets. This launch comes at a time when crypto ETFs are gaining popularity among both individual and institutional investors seeking simplified access to digital assets via traditional brokerage accounts. Unlike most US-listed crypto ETFs, which have focused on single assets like bitcoin, the Core3 fund adopts a basket approach, packaging multiple tokens into a single product and adjusting allocations on a weekly basis. According to GSR, the fund aims to capture two primary themes in the cryptocurrency market: bitcoin's role as a macro asset and the growth of blockchain platforms such as Ethereum and Solana, which support applications like stablecoins and tokenized assets. The fund's active allocation across the three assets is rebalanced weekly based on research-driven signals designed to maximize 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 crypto markets, the firm 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.'