Crypto trading firm GSR has launched its first exchange-traded fund (ETF), entering a rapidly growing segment of the digital assets market as investor demand for regulated exposure to crypto continues to rise.
The GSR Crypto Core3 ETF, traded under the symbol BESO on Nasdaq, provides exposure to three major cryptocurrencies, including bitcoin. ether (ETH) and solana (SOL). The fund has a 1% management fee and includes both active portfolio management and the opportunity to earn staking rewards on eligible assets.
The launch comes as crypto ETFs have gained traction with retail and institutional investors seeking easier access to digital assets through traditional brokerage accounts. While most U.S.-listed crypto ETFs have so far focused on single assets, particularly bitcoin, some have turned to pooled funds, similar to Core3, which bundles multiple tokens into a single product and adjusts allocations on a weekly basis.
GSR said the fund aims to reflect two main themes in crypto markets: bitcoin’s role as a macro asset and the growth of blockchain platforms such as Ethereum and Solana, which support applications such as stablecoins and tokenized assets.
“The fund actively allocates across the three assets and rebalances weekly based on research-backed signals designed to seek incremental returns,” GSR said in a press release.
Framework Digital Advisors will serve as the fund’s investment advisor.
The move expands GSR’s activities beyond trading and market making into asset management.
The company has spent over a decade providing liquidity and over-the-counter trading services in crypto markets and is now looking to integrate this expertise into investment products.
The ETF also introduces staking rewards, a feature not typically available in traditional investment vehicles, but which has been added to some existing crypto ETFs, including the largest, BlackRock’s iShares Bitcoin Trust (IBIT). This allows the fund to generate returns from certain blockchain networks while holding assets.
“GSR has spent over a decade building effective crypto markets, and with Core3, we are extending that expertise into a product accessible to a wider range of investors,” said Xin Song, CEO of GSR.
