Crypto trading firm GSR has launched its first exchange-traded fund (ETF), tapping into a fast-growing segment of the digital asset market as investor demand for regulated crypto exposure continues to rise.
The GSR Crypto Core3 ETF, which trades under the ticker BESO on the Nasdaq, offers exposure to three major cryptocurrencies, including bitcoin ether (ETH) and solana (SOL). The fund carries a management fee of 1% and includes both active portfolio management and the opportunity to earn investment rewards on eligible assets.
The launch comes as crypto ETFs have gained traction with both retail and institutional investors seeking easier access to digital assets through traditional brokerage accounts. While most US-listed crypto ETFs to date have focused on single assets, notably bitcoin, some have moved to basket funds, similar to Core3, which bundle multiple tokens into a single product and adjust 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 that support applications such as stablecoins and tokenized assets.
“The fund actively allocates across the three assets and rebalances weekly based on research-driven signals designed to pursue additional returns,” GSR said in a press release.
Framework Digital Advisors will act as the fund’s investment advisor.
The move expands GSR’s business beyond trading and market making to asset management.
The firm has spent more than a decade providing liquidity and OTC trading services in crypto markets and is now looking to package that expertise into investment products.
The ETF also introduces stake rewards, a feature not commonly available in traditional investment vehicles, but one that has been added to some existing crypto ETFs, including the largest, BlackRock’s iShares Bitcoin Trust (IBIT). This feature has the fund generating dividends from certain blockchain networks while holding assets.
“GSR has spent over a decade building efficient crypto markets, and with Core3 we are expanding this expertise into a product accessible to a wider range of investors,” said GSR CEO Xin Song.
