Cryptocurrency trading firm GSR has launched its first exchange-traded fund (ETF), entering a rapidly growing segment of the digital asset market as investor demand for regulated crypto exposure continues to rise.
The GSR Crypto Core3 ETF, trading under the symbol BESO on Nasdaq, offers exposure to three major cryptocurrencies, including bitcoin. ether (ETH) and solana (SOL). The fund carries a 1% management fee and includes both active portfolio management and the ability to earn rewards for staking eligible assets.
The launch comes as crypto ETFs have gained traction among retail and institutional investors seeking easier access to digital assets through traditional brokerage accounts. While most U.S.-listed crypto ETFs to date have focused on single assets, particularly bitcoin, some have moved into basket funds, similar to Core3, which bundles multiple tokens into a single product and adjusts allocations weekly.
GSR said the fund aims to reflect two main themes in crypto markets: the role of bitcoin 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 between the three assets and rebalances weekly based on research-based signals designed to seek additional returns,” GSR said in a press release.
Framework Digital Advisors will act as investment advisor to the fund.
The move expands GSR’s business beyond trading and market making into asset management.
The company has spent more than a decade providing liquidity and over-the-counter trading services in crypto markets and is now looking to package that 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 feature allows the fund to generate returns from certain blockchain networks while holding assets.
“GSR has spent over a decade building efficient crypto markets and with Core3, we are expanding that expertise into a product accessible to a broader range of investors,” said GSR CEO Xin Song.
