TLDR
- GSR has launched its first ETF, the GSR Crypto Core3 (BESO), listed on Nasdaq
- The fund holds Bitcoin, Ether, and Solana in one actively managed product
- It rebalances weekly using research-driven signals and can earn staking rewards
- GSR charges a 1% management fee, positioning it as an active strategy fund
- Framework Digital Advisors will serve as the fund’s investment adviser
GSR, a crypto trading and market-making firm with over a decade of experience, has launched its first exchange-traded fund. The product, called the GSR Crypto Core3 ETF, trades under the ticker BESO on the Nasdaq stock 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
The fund gives investors exposure to three cryptocurrencies in one product: Bitcoin, Ether, and Solana. It is actively managed, meaning a team makes decisions about how much to hold in each asset rather than tracking a fixed index.
GSR says the fund rebalances its allocations every week. Those changes are based on what the firm calls “research-driven signals,” though it has not detailed the exact methodology publicly.
The ETF carries a 1% annual management fee. That puts it in the range of active funds rather than the low-fee passive products that dominate much of the ETF market.
One feature that stands out is the inclusion of staking rewards. The fund can earn yield from certain blockchain networks while holding eligible assets. This is a feature that has started appearing in some crypto ETFs, including BlackRock’s iShares Bitcoin Trust.
Framework Digital Advisors will act as the fund’s investment adviser, working alongside GSR on the product.
GSR CEO Xin Song said the firm is using its trading background to build something accessible to more investors. “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 said.
Why Bitcoin, Ether, and Solana
GSR said the three assets reflect two broad themes in crypto markets. Bitcoin is seen as a macro asset, similar to gold in how some investors use it. Ethereum and Solana represent blockchain platforms that support real-world applications like stablecoins and tokenized assets.
Most U.S.-listed crypto ETFs have focused on a single asset, especially Bitcoin. A smaller number of basket funds have launched in recent months, and Core3 follows that trend.
Andy Baehr, Managing Director of Asset Management at GSR, said the product is designed to address three key concerns for crypto investors: what to hold, how to earn yield while holding it, and how to stay positioned as markets shift.
GSR’s Broader Expansion
The ETF launch is part of a wider move by GSR to grow beyond trading. In March 2026, the firm acquired two companies — Autonomous and Architech — to expand its advisory services in token strategy and project development.
GSR also recently invested in Libeara, a tokenization platform backed by SC Ventures. That investment points to growing interest in blockchain-based financial infrastructure.
The Crypto Core3 ETF is now live on Nasdaq under the ticker BESO.
