GSR has debuted its first crypto exchange-traded fund (ETF), the GSR Crypto Core3 ETF, which trades on Nasdaq under the ticker “BESO”.
The company said on Wednesday that the new ETF gives investors exposure to Bitcoin, Ethereum, and Solana in one product. That means people do not have to buy and manage all three assets on their own. Instead, they can get access through a single fund.
GSR described the product as the first multi-asset U.S. crypto ETF that combines active management with access to staking rewards. The fund has a 1.00% management fee, and Nasdaq confirmed that BESO started trading on Wednesday.
This is a significant move for GSR, as it has predominantly been a crypto brand in terms of trading, liquidity, and market-making services.
With this product, the company is moving deeper into asset management and trying to serve investors who want simpler access to digital assets through a familiar stock market structure. Framework Digital Advisors will be the investment adviser in the fund.
People can trade BESO on Nasdaq through a normal brokerage account, just as they would with any other stock. They do not need a crypto wallet or a separate crypto platform.
Most U.S. crypto ETFs, however, have mainly tracked just one asset, usually BTC or ETH. But BESO takes a different route.
How the GSR Core3 ETF works
Core3 invests directly in Bitcoin, Ethereum, and Solana. BTC is the biggest cryptocurrency in the market and has commonly been considered as a digital store of value.
Ethereum and Solana are the most popular layer-1 blockchains, which are foundational networks of applications such as the stablecoins, decentralized finance and tokenized assets.
By holding all three, the fund offers diversified exposure to both the macro digital asset market and the growing ecosystem of blockchain-based technology.
Andy Baehr, Managing Director, Asset Management, GSR, said: “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.”
“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,” Baehr added.
Bloomberg analyst James Seyffart also weighed in on the launch.
He said basket-style crypto ETFs, whether active or passive, could become one of the fastest-growing segments in the market over the next few years.
“This one will attempt to outperform an equal weighted ‘index’ of BTC, ETH & SOL,” he added.
Actively managed strategy sets BESO apart
BESO will not follow a fixed allocation like a traditional passive fund. Instead, GSR said it will actively manage the portfolio and rebalance it every week based on research-driven signals.
This allows the fund to adjust its exposure to Bitcoin, Ether, and Solana as market conditions change.
GSR also indicated that the fund can also get staking rewards where applicable. This is primarily applicable to Ether and Solana, which have a proof-of-stake model.
In those networks, tokens can be used to help validate transactions and support the blockchain, while also generating rewards in return.
GSR says this active strategy is one of the fund’s key strengths. Xin Song, CEO of GSR, said: “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”.
“Our ETF strategy reflects our deep understanding of how this asset class is evolving,” he added.
The product also carries clear risks. Bitcoin, Ether, and Solana can move sharply in price, so the fund’s value could rise or fall quickly.
The disclosure also alerts of staking risks, such as lack of access to funds temporarily, validator issues, slashing and lost rewards. It also notes that BESO is a new fund with no operating history, so investors do not yet have a long performance record to assess.
Crypto ETFs keep gaining momentum
The launch also comes as ETFs continue to grow quickly.
Companies like Morgan Stanley and Goldman Sachs are taking action in crypto ETFs, after the rapid success and success of products released by large asset managers like BlackRock.
There are five distinguished crypto ETFs in 2026: the iShares Bitcoin Trust (IBIT) by BlackRock, Fidelity Wise Origin Bitcoin Fund (FBTC), Morgan Stanley Bitcoin Trust (MSBT), iShares Ethereum Trust (ETHA), and Amplify BLOK ETF (BLOK).
Together, they show how the market now spans direct Bitcoin, Ether, and broader blockchain-related investment exposure.