Key Takeaways:
- GSR launched the BESO ETF with BTC, ETH, and SOL, adding staking and 1% fee for diversification.
- Core3 offers weekly active allocation, signaling a shift to multi-asset crypto products.
- GSR targets rising institutional demand, with possible expansion for yield-focused ETFs.
New ETF by GSR Offers Bitcoin, Ether, Solana Exposure in One Fund
GSR has introduced a new exchange-traded fund (ETF) designed to give investors diversified exposure to digital assets, marking a step forward in the evolution of crypto investment products in the United States.
The GSR Crypto Core3 ETF, trading under the ticker BESO, combines bitcoin, ethereum, and solana into a single actively managed portfolio. The fund is the first U.S.-listed ETF to offer multi-asset exposure across major cryptocurrencies while incorporating staking rewards into its strategy.
The launch signals rising demand for broader access to digital assets beyond single-token products. Bitcoin has emerged as a macro asset with growing institutional acceptance, while ethereum and solana underpin much of the activity in decentralized finance, tokenization, and blockchain-based applications.
Core3 will actively allocate capital across the three assets, adjusting positions weekly based on proprietary research signals. The approach aims to capture additional returns while managing volatility. Where applicable, the fund will also generate income through staking, a feature that distinguishes it from many existing crypto ETFs. GSR will charge a 1% management fee for the 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,” said Xin Song, CEO of GSR. “Our ETF strategy reflects our deep understanding of how this asset class is evolving.”
GSR Expands Into Asset Management
The ETF builds on GSR’s experience in crypto trading and liquidity provision. The firm has positioned itself at the intersection of traditional finance and digital assets, offering services that range from market making to structured products.
By launching Core3, GSR is expanding into asset management, targeting both institutional and retail investors seeking a simplified entry point into crypto markets. The product reflects a shift toward more sophisticated investment vehicles as the sector matures.
“As crypto becomes an increasingly important component of modern portfolios, Core3 provides exposure to the asset class’s primary drivers — bitcoin’s macro influence and the continued growth and adoption of blockchain technology,” said Andy Baehr, Managing Director, Asset Management, GSR.
The timing is notable. As regulatory clarity improves and investor appetite grows, asset managers are exploring ways to package digital assets into familiar formats. Multi-asset strategies, in particular, are gaining traction as investors look to balance risk across different blockchain ecosystems.
For investors, the appeal lies in convenience and diversification. Instead of managing separate positions in multiple tokens, they can access a curated portfolio through a single listed instrument.
The inclusion of staking rewards adds another layer to the investment case. By generating yield from underlying assets, the fund aims to provide a return source that is not solely dependent on price appreciation.
The launch of Core3 underscores how quickly the crypto ETF landscape is evolving. What began with single-asset products is now expanding into more complex strategies that mirror traditional portfolio management approaches.
As competition intensifies, asset managers are likely to continue experimenting with new structures. For now, GSR’s offering represents an early attempt to combine diversification, active management, and yield generation within a single crypto-focused ETF.