- GSR launched the Crypto Core3 ETF (NASDAQ: BESO) on April 22, 2026, offering combined exposure to Bitcoin, Ethereum, and Solana.
- The actively managed fund carries a 1.00% management fee and executes weekly rebalances.
- The structure includes provisions to accumulate staking rewards for the underlying proof-of-stake assets (Ethereum and Solana).
GSR Enters ETF Market With Consolidated Token Fund
GSR, a major institutional cryptocurrency trading firm and liquidity provider, launched its first exchange-traded fund (ETF) on April 22, 2026. The GSR Crypto Core3 ETF, listed on the Nasdaq under the ticker BESO, is designed to give investors direct exposure to the market’s top three digital assets through a single traditional financial wrapper.
The firm’s entry into the ETF sector focuses entirely on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This structure bypasses mid-cap and emerging alternative networks to concentrate capital strictly on the most heavily traded cryptocurrencies.
Active Management and Staking Integration
Unlike passive index trackers, BESO allocates capital across the three assets and executes weekly rebalances based on quantitative market signals. The fund charges a 1.00% management fee, with Framework Digital Advisors acting as the formal investment adviser.
Crucially, the fund’s mandate allows it to accumulate staking rewards where applicable, specifically targeting yields generated by Ethereum and Solana’s proof-of-stake networks. By eliminating the need to self-custody digital assets, execute trades across multiple spot exchanges, or manually stake native tokens, GSR is streamlining capital flow into the market’s heaviest-weighted assets.
“Core3 answers the three questions every crypto investor faces: what to own, how to earn yield while you hold, and how to be positioned as markets evolve,” Andy Baehr, Managing Director of Asset Management at GSR, stated during the launch.
This vehicle targets capital allocators looking for simplified market entry. The structure allows investors to gain price exposure and base-layer yield from the primary market drivers without managing individual private keys or navigating separate liquidity pools. The launch signals continued institutional demand for bundled products, establishing a frictionless pipeline for traditional capital to access the highest-liquidity crypto assets.
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