Key Highlights
- The GSR Crypto Core3 ETF (BESO) marks GSR’s debut in the exchange-traded fund market on Nasdaq
- BESO provides combined access to Bitcoin, Ethereum, and Solana through active portfolio management
- Weekly portfolio adjustments are executed based on proprietary research indicators
- The fund features a 1% annual fee and includes staking yield opportunities
- Framework Digital Advisors has been appointed as the investment adviser for the product
GSR, a cryptocurrency trading and liquidity provision firm operating for more than ten years, has introduced its inaugural exchange-traded fund to the market. The GSR Crypto Core3 ETF, which operates under the ticker symbol BESO, began trading 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 assets: Bitcoin, Ether, and Solana. Unlike passive index-tracking products, BESO employs an active management approach where portfolio managers determine the allocation weight for each cryptocurrency.
According to GSR, the fund undergoes weekly rebalancing to adjust holdings. These allocation modifications rely on what the company describes as “research-driven signals,” although specific details about the underlying methodology remain undisclosed.
BESO charges investors a 1% yearly management fee. This pricing structure aligns with actively managed investment products rather than the low-cost passive alternatives that represent a significant portion of the ETF landscape.
A notable characteristic of this fund is its staking capability. BESO can generate returns through network participation rewards when holding compatible digital assets. This functionality has begun emerging in select cryptocurrency ETFs, such as BlackRock’s iShares Bitcoin Trust.
Framework Digital Advisors has been designated to serve as the investment adviser, collaborating with GSR on the fund’s operations.
Xin Song, CEO of GSR, emphasized the firm’s extensive market experience in developing this accessible investment 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 said.
The Rationale Behind the Three-Asset Selection
GSR explained that these three cryptocurrencies embody two distinct investment narratives within digital asset markets. Bitcoin functions as a macroeconomic store-of-value asset, comparable to how investors position gold. Ethereum and Solana, meanwhile, represent functional blockchain ecosystems enabling practical use cases including stablecoin infrastructure and asset tokenization.
The majority of cryptocurrency ETFs listed in the United States have concentrated on single-asset exposure, particularly Bitcoin. However, multi-asset basket products have emerged in recent periods, with Core3 joining this category.
Andy Baehr, Managing Director of Asset Management at GSR, explained that the fund addresses three fundamental questions facing cryptocurrency investors: which assets to allocate to, methods for generating returns while maintaining positions, and strategies for adapting to evolving market conditions.
GSR’s Strategic Development
The introduction of this ETF represents one component of GSR’s broader strategic expansion beyond its core trading operations. During March 2026, the company acquired both Autonomous and Architech, two firms that enhance GSR’s capabilities in token advisory services and blockchain project infrastructure.
Additionally, GSR recently made an equity investment in Libeara, a tokenization infrastructure platform supported by SC Ventures. This investment signals increasing focus on blockchain-enabled financial technology systems.
The Crypto Core3 ETF is currently available for trading on Nasdaq under the ticker symbol BESO.
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