Crypto Market Maker GSR Launches Multi-Asset ‘Core3’ ETF on Nasdaq

Crypto market maker GSR has officially launched its first exchange-traded fund, the GSR Crypto Core3 ETF. The fund is now live for trading on the Nasdaq exchange under the ticker symbol BESO.

The newly introduced actively managed fund provides investors with direct exposure to a basket of major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). In a notable feature for the fund, BESO will also distribute staking rewards generated from its Ethereum and Solana holdings. The ETF operates with a 1% management fee.

Built to cater to both retail and institutional investors, the fund leverages GSR’s decade-long experience in the crypto ecosystem, specifically across trading, liquidity, and risk management. To seek the best rate of return, GSR will rebalance the fund’s portfolio weekly based on research-driven market signals.

“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 GSR CEO Xin Song. He added that the firm’s ETF strategy reflects a deep understanding of how the crypto asset class is evolving.

Andy Baehr, GSR’s Managing Director of Asset Management, noted that the product is designed to answer three critical questions for crypto investors: what assets to own, how to earn yield while holding, and how to stay positioned as the market shifts.

“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 stated.

The introduction of the GSR Crypto Core3 ETF may signal a broader shift in the digital asset investment landscape. Bloomberg ETF analyst James Seyffart noted that basket ETFs, whether actively or passively managed, are expected to become one of the fastest-growing categories in the crypto ETF sector over the next couple of years.