TLDR
- GSR launched its first U.S. listed ETF on Nasdaq under the ticker BESO.
- The fund gives exposure to Bitcoin, Ether, and Solana in one product.
- BESO uses active management and rebalances its holdings every week.
- The ETF may collect staking rewards where staking is available.
- GSR set the management fee for the fund at 1.00%.
Crypto trading firm GSR has launched its first U.S. listed exchange traded fund tied to Bitcoin, Ether, and Solana. The fund trades on Nasdaq under the ticker BESO. It uses active management, weekly rebalancing, and staking exposure.
The launch adds a new option to the U.S. crypto ETF market. It also shows how issuers are moving beyond single asset funds. GSR is entering asset management after years as a market maker and liquidity provider.
GSR expands into the U.S. ETF market
GSR said the new product is called the GSR Crypto Core3 ETF. The fund gives investors access to three major digital assets in one listed vehicle. Bitcoin, Ether, and Solana make up the portfolio.
The company said Framework Digital Advisors serves as the fund’s investment adviser. GSR will charge a 1.00% management fee. The ETF is listed on Nasdaq, which gives it a familiar structure for traditional investors.
GSR has long worked in crypto trading and market making. This launch moves the firm further into asset management. The company said the product is designed for both retail and institutional investors.
Xin Song, CEO of GSR, said, “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.”
Fund structure combines active management and staking
The Core3 ETF does not follow a fixed passive mix. Instead, it allocates across Bitcoin, Ether, and Solana using research-based signals. It also rebalances every week to adjust the portfolio.
The fund may collect staking rewards where that is allowed. That feature gives the product another source of return besides price moves. Staking has become a growing part of crypto fund design in the U.S.
GSR said the strategy reflects two major themes in crypto. Bitcoin is treated as a macro asset, while Ether and Solana represent blockchain network growth. Both chains support uses such as stablecoins and tokenization.
Andy Baehr, Managing Director of Asset Management at GSR, said, “Core3 answers the three questions every crypto investor faces: what to own, how to earn yield while you hold, and how to be positioned as markets evolve.”
U.S. crypto ETF market moves beyond single asset products
The BESO launch comes as the U.S. crypto ETF market keeps broadening. Fund issuers are now pushing into baskets, active strategies, and staking features. That trend gained pace after rule changes in 2025.
Those changes opened a faster path for plain vanilla crypto exchange traded products. Since then, more issuers have filed for funds tied to different tokens and structures. The market has started to move past simple one asset exposure.
Earlier U.S. listed Solana products introduced regulated fund structures with staking rewards. BESO now combines that feature with a multi asset portfolio. It also adds active allocation inside a single listed fund.
GSR said the launch marks the next step in its broader business. The firm is trying to bridge traditional finance demand and crypto market experience. With BESO, GSR is entering a more competitive part of the U.S. digital asset market.
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