TLDR
- GSR debuts BESO, the GSR Crypto Core3 ETF, now trading on Nasdaq
- The product bundles Bitcoin, Ethereum, and Solana into a single actively managed investment vehicle
- Weekly portfolio rebalancing driven by proprietary research signals, with integrated staking yield
- Management fee set at 1%, reflecting its active management approach
- Framework Digital Advisors appointed as investment adviser for the fund
GSR, a veteran cryptocurrency trading and market-making enterprise with more than ten years in the industry, has introduced its inaugural exchange-traded fund. Known as the GSR Crypto Core3 ETF, the product began trading under the symbol BESO on the Nasdaq exchange.
GSR Launches First ETF, Ticker BESO
GSR announced the launch of its first ETF, ticker BESO, an actively managed product investing in Bitcoin, Ethereum, and Solana with a 1% fee; James Seyffart expects basket ETFs (active or passive) to be among the fastest-growing segments in… pic.twitter.com/o7lTQYKFDx
— Wu Blockchain (@WuBlockchain) April 22, 2026
This investment vehicle provides market participants with simultaneous access to three major digital currencies within a single wrapper: Bitcoin, Ethereum, and Solana. As an actively managed strategy, portfolio managers continuously adjust holdings across these three assets instead of simply mirroring a predetermined benchmark.
According to GSR, the fund undergoes weekly portfolio adjustments. These allocation modifications stem from what the company describes as “research-driven signals,” although specific details about the underlying framework remain undisclosed.
Investors will pay a 1% yearly management fee for the product. This pricing aligns with actively managed fund structures rather than the ultra-low-cost passive alternatives that command significant market share in the ETF landscape.
A notable characteristic is the fund’s ability to generate staking rewards. By holding qualified digital assets, the product can capture yield directly from participating blockchain protocols. This functionality has begun emerging across select crypto ETFs, notably in BlackRock’s iShares Bitcoin Trust.
Framework Digital Advisors has been designated as the fund’s investment adviser, collaborating with GSR on product oversight.
Xin Song, CEO of GSR, emphasized the firm’s market expertise in launching the accessible product. “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,” he stated.
The Rationale Behind Bitcoin, Ethereum, and Solana Selection
GSR explained that these three digital assets capture two distinct investment narratives within cryptocurrency markets. Bitcoin functions as a macro-level asset class, drawing comparisons to gold regarding its role in investor portfolios. Ethereum and Solana embody programmable blockchain infrastructure supporting practical use cases including stablecoins and asset tokenization.
The majority of cryptocurrency ETFs available to American investors have concentrated on individual assets, particularly Bitcoin. However, multi-asset basket products have started emerging over recent months, with Core3 joining this developing category.
Andy Baehr, who serves as Managing Director of Asset Management at GSR, explained the product addresses three fundamental investor challenges: asset selection, yield generation during the holding period, and maintaining appropriate positioning amid changing market conditions.
GSR’s Strategic Business Expansion
Launching this ETF represents one element of GSR’s strategy to diversify beyond its core trading operations. During March 2026, the company completed acquisitions of Autonomous and Architech, expanding its capabilities in token advisory services and blockchain project development.
GSR has additionally made an investment in Libeara, a tokenization infrastructure platform supported by SC Ventures. This strategic move signals the company’s increasing focus on blockchain-powered financial systems.
The Crypto Core3 ETF has commenced trading on Nasdaq with the ticker symbol BESO.
