GSR has launched its first cryptocurrency exchange-traded fund, the Crypto Core3 ETF (BESO), which began trading on Nasdaq. The fund offers exposure to Bitcoin, Ethereum, and Solana, incorporating staking incentives alongside its price tracking. The ETF utilizes a dynamic allocation strategy, rebalancing weekly based on research signals to maximize returns.
On its first day of trading, the BESO ETF saw approximately $5 million in activity. GSR, co-founded in 2013 by former Goldman Sachs traders Cristian Gil and Richard Rosenblum, aims to expand its reach to more investors through this new ETF offering. The fund charges a 1% management fee.