Hassan Maishera
TL;DR
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GSR launched the Crypto Core3 ETF, its first actively managed multi-asset crypto ETF under the ticker BESO.
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The ETF allows investors to gain exposure to Bitcoin, Ethereum and Solana, with weekly rebalancing and potential staking rewards.
GSR launched its first cryptocurrency exchange-traded fund on Wednesday, debuting the Nasdaq-listed GSR Crypto Core3 ETF under the ticker BESO.
The actively managed fund provides diversified exposure to three major digital assets — Bitcoin, Ethereum and Solana — while also offering the potential to generate staking rewards on eligible holdings.
According to GSR, the ETF rebalances its portfolio weekly using research-based signals designed to enhance returns. The fund charges a 1% management fee, and investors may also benefit from staking yields tied to assets such as Ethereum and Solana.
While commenting on this launch, Xin Song, GSR’s CEO, stated that,
“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.”
Active Strategy Aims to Optimize Crypto Exposure
Andy Baehr, Managing Director at GSR, pointed out that the ETF was built to help investors navigate three major challenges in digital asset investing: deciding which cryptocurrencies to hold, generating yield while maintaining market exposure, and adjusting allocations as market conditions change.
Baehr added that the fund focuses on exposure to the “primary drivers” of the crypto market, including Bitcoin’s growing macroeconomic role and broader blockchain adoption trends.
Meanwhile, James Seyffart said in a post on X that the ETF may attempt to outperform an equal-weighted allocation of Bitcoin, Ethereum, and Solana.
NEW: @GSR_io is launching their first ETF! Ticker is $BESO. Its actively managed and will invest across Bitcoin, Ethereum & Solana. Fee is 1%. pic.twitter.com/Gr1n8KAVpq
— James Seyffart (@JSeyff) April 22, 2026
Seyffart also noted that basket-style crypto ETFs — both active and passive — could emerge as one of the fastest-growing segments of the digital asset ETF market in the years ahead.
The launch comes amid rising investor demand for diversified crypto investment products beyond single-asset spot ETFs. Several firms, including Grayscale Investments, Bitwise Asset Management, and Hashdex, have recently filed for multi-asset or basket-style crypto ETF products.
GSR said the Core3 launch represents another step in expanding its role as a full-service capital markets partner, broadening its asset management offerings for both traditional and crypto-native investors.
At the time of writing, Bitcoin was trading above $77,000, while Ethereum and Solana were hovering near $2,344 and $85, respectively.
