In the burgeoning world of digital assets, crypto firm GSR has introduced its inaugural exchange-traded fund (ETF), tapping into a rapidly expanding market segment driven by increasing demand for regulated cryptocurrency investments.
The newly launched GSR Crypto Core3 ETF, listed under the ticker BESO on Nasdaq, provides investors with exposure to three prominent cryptocurrencies: bitcoin ($78,712.70 as of latest data), ether (ETH), and solana (SOL). The fund includes a 1% management fee and features active portfolio management alongside staking rewards for eligible assets.
The timing of the launch coincides with growing interest in crypto ETFs among both retail and institutional investors who seek easier access to digital currencies via traditional brokerage platforms. Unlike most U.S.-listed crypto ETFs that concentrate on single assets like bitcoin, Core3 adopts a basket fund approach by combining multiple tokens into one product, adjusting allocations weekly.
GSR highlighted the ETF’s focus on two pivotal themes in the cryptocurrency market: the macro asset role of bitcoin and the expansion of blockchain platforms such as Ethereum and Solana, which facilitate stablecoins and tokenized assets.
“The fund actively allocates across its three constituent assets and rebalances weekly based on research-driven indicators aimed at capturing additional returns,” GSR noted in a press release.
Framework Digital Advisors will act as the ETF’s investment adviser. This venture marks an expansion for GSR beyond its traditional roles of trading and market making into the realm of asset management.
Having provided liquidity and over-the-counter services in crypto markets for over ten years, GSR is now leveraging this expertise to create innovative investment products. The Core3 ETF also introduces staking rewards, a feature that sets it apart from conventional investment vehicles but has been incorporated into some existing crypto ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT). This allows the fund to generate yields through certain blockchain networks.
“With over a decade of experience in creating efficient crypto markets, GSR is now extending this expertise through Core3, making it accessible to a wider investor base,” stated GSR CEO Xin Song.