GSR has launched its first crypto ETF on Nasdaq, offering combined exposure to Bitcoin, Ethereum, and Solana with staking rewards in a single actively managed fund.
Key Takeaways
- GSR Crypto Core3 ETF (BESO) debuts on Nasdaq with multi asset exposure.
- Fund includes Bitcoin, Ethereum, and Solana with weekly rebalancing.
- Offers staking rewards on eligible assets alongside price exposure.
- Carries a 1 percent management fee and uses active strategy signals.
What Happened?
Crypto trading firm GSR has officially entered the ETF market with the launch of the GSR Crypto Core3 ETF (BESO), listed on the Nasdaq. The fund combines three major cryptocurrencies into one investment vehicle while introducing staking rewards and active portfolio management.
The ETF recorded nearly $4.8 million in trading volume on its first day, signaling early investor interest in diversified crypto exposure products.
GSR Launches First ETF, Ticker BESO
— Wu Blockchain (@WuBlockchain) April 22, 2026
GSR announced the launch of its first ETF, ticker BESO, an actively managed product investing in Bitcoin, Ethereum, and Solana with a 1% fee; James Seyffart expects basket ETFs (active or passive) to be among the fastest-growing segments in… pic.twitter.com/o7lTQYKFDx
A New Kind of Crypto ETF
The Core3 ETF stands out by combining Bitcoin, Ethereum, and Solana into a single fund. Unlike most existing crypto ETFs that track a single asset, this product takes a multi asset and actively managed approach.
GSR uses what it calls research driven signals to adjust allocations every week. This dynamic strategy is designed to outperform a simple equal weighted portfolio of the three assets.
The firm also highlighted a model allocation where:
- Ethereum holds about 51.4 percent.
- Solana accounts for 41.67 percent.
- Bitcoin makes up just 6.93 percent.
This allocation reflects GSR’s view of the evolving crypto market, where smart contract platforms are gaining prominence over Bitcoin’s traditional store of value role.
Staking Adds Yield Potential
One of the most notable features of the ETF is its ability to generate staking rewards. This allows the fund to earn additional yield while holding assets like Ethereum and Solana.
This approach mirrors a broader shift in crypto investment products where returns are no longer limited to price appreciation alone. Instead, funds are beginning to integrate on chain income mechanisms.
GSR described BESO as the first actively managed multi asset crypto ETF in the U.S. with staking access, marking a step forward in ETF innovation.
Built for Both Retail and Institutions
The ETF is structured to be accessible through standard brokerage accounts, making it easier for both retail and institutional investors to gain exposure to crypto markets.
Framework Digital Advisors is serving as the fund’s investment adviser, working alongside GSR to manage the product.
GSR CEO Xin Song said:
Andy Baehr, Managing Director at GSR, added that the fund is designed to answer three key investor questions: what to own, how to earn yield, and how to stay positioned as markets evolve.
Part of a Larger Industry Trend
The launch comes at a time when the crypto ETF market is rapidly expanding. Following the success of spot Bitcoin and Ethereum ETFs in 2024, firms are now moving toward basket based and yield generating products.
Major financial institutions are also entering the space. Morgan Stanley recently launched a spot Bitcoin ETF, while Goldman Sachs has filed for a Bitcoin income focused ETF.
Analysts believe multi asset crypto ETFs could become one of the fastest growing segments in the coming years.
GSR’s Strategic Expansion
The ETF launch is part of GSR’s broader push beyond trading. The firm recently acquired Autonomous and Architech to expand its advisory services and also invested in Libeara, a tokenization platform backed by SC Ventures.
These moves highlight GSR’s ambition to build a stronger presence across crypto infrastructure, advisory, and asset management.
CoinLaw’s Takeaway
I see this launch as a clear signal that crypto ETFs are evolving fast. In my experience, investors do not just want exposure anymore, they want smarter exposure with yield and flexibility. What stood out to me is how Bitcoin takes a smaller role here while Ethereum and Solana lead the portfolio. That tells me the market narrative is shifting toward utility driven blockchains.
I found this product interesting because it tries to solve multiple problems at once. It simplifies asset selection, adds income through staking, and actively adjusts positions. If GSR executes well, this could set a new benchmark for what a modern crypto ETF should look like.
