Key Takeaways:
Crypto trading firm GSR has launched its first exchange-traded fund, the GSR Crypto Core3 ETF (BESO), offering investors combined exposure to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in a single product. The actively managed fund began trading Wednesday on Nasdaq and carries a 1.00% management fee, according to a company press release.
"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 Xin Song, CEO of GSR. The launch marks the firm's expansion from its roots in market making and over-the-counter trading into the rapidly growing asset management space for digital assets.
The new fund allocates across its three holdings and rebalances weekly based on proprietary research signals. In addition to price exposure, the ETF structure allows for the accumulation of staking rewards from the Ethereum and Solana blockchains, a feature gaining traction among crypto investment products. The fund's adviser is Framework Digital Advisors, a joint venture between RLH Capital LLC and GSR Strategies LLC.
The launch of BESO reflects a broader trend in the U.S. crypto ETF market, which is quickly moving beyond single-asset products. Following the success of spot Bitcoin ETFs like BlackRock's iShares Bitcoin Trust (IBIT), which has seen billions in inflows, issuers are now exploring more complex structures. BESO is among the first to combine a multi-asset basket, active management, and staking yield within a single U.S.-listed ETF, signaling deepening institutional competition and product innovation in the sector.
This article is for informational purposes only and does not constitute investment advice.
