Institutional crypto trading platform GSR has launched its first crypto exchange-traded fund, the GSR Crypto Core3 ETF (BESO). The fund tracks the spot prices of Bitcoin, Ether, and Solana, and offers staking rewards. On its first day, the ETF recorded nearly $5 million in trading volume.
GSR will employ a dynamic allocation strategy to optimize returns, with a 1% management fee. The ETF's model portfolio shows a significant allocation to Ether and Solana, with Bitcoin holding a smaller position. This launch aligns with a broader trend of Wall Street firms introducing crypto-related investment products.