Crypto market maker GSR has launched its first exchange-traded fund (ETF), the GSR Crypto Core3 ETF, trading on the Nasdaq under the ticker BESO. The fund provides actively managed exposure to Bitcoin, Ethereum, and Solana. It also includes staking rewards from its ETH and SOL holdings and operates with a 1% management fee.
GSR CEO Xin Song stated the ETF extends the firm's expertise in building efficient crypto markets to a wider investor base. The strategy reflects an evolving understanding of the asset class. The fund is built on GSR's experience in trading, liquidity, and risk management, making it suitable for both retail and institutional investors. GSR will rebalance its portfolio weekly based on research-driven signals.
Andy Baehr, GSR's Managing Director of Asset Management, noted that Core3 addresses key investor questions about what to own, how to earn yield, and how to position for market evolution. The ETF offers exposure to Bitcoin's macro influence and the growth of blockchain technology. Analysts anticipate that actively managed basket ETFs could become a rapidly growing category within crypto ETFs.