Crypto trading firm GSR has launched its first exchange-traded fund (ETF), entering a fast-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 ticker 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 staking 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 U.S.-listed crypto ETFs to date have focused on single assets, particularly bitcoin, some have moved to basket 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 like stablecoins and tokenized assets.
“The fund allocates actively 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 serve as the fund’s investment adviser.
The move expands GSR’s business beyond trading and market making into asset management.
The firm 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 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 the fund to generate yield from certain blockchain networks while holding assets.
“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,” GSR CEO Xin Song said.
