Key Takeaways
- • GSR launches GSR Crypto Core3 ETF (NASDAQ: BESO), the first multi-asset, actively managed U.S. crypto ETF providing exposure to Bitcoin, Ethereum, and Solana with a 1.00% management fee.
- • The fund employs active management with weekly rebalancing based on research-driven signals and accumulates staking rewards where applicable, differentiating it from passive crypto exposure products.
- • Framework Digital Advisors serves as the fund's investment adviser, with GSR leveraging over a decade of capital markets infrastructure expertise to extend crypto access to institutional and retail investors.
- • Core3 addresses three investor pain points: asset selection, yield generation through staking, and dynamic positioning as crypto markets evolve, according to GSR management.
- • The launch signals GSR's expansion from pure market-making and liquidity provision into regulated asset management, capitalizing on institutional demand for crypto exposure vehicles.
Summary
GSR, a leading cryptocurrency market maker and capital markets infrastructure provider, has launched the GSR Crypto Core3 ETF (ticker: BESO) on Nasdaq, marking its entry into the actively managed digital asset ETF space. The fund represents the first multi-asset, actively managed U.S. cryptocurrency ETF, providing investors with diversified exposure across Bitcoin, Ethereum, and Solana—the two dominant cryptocurrencies and a leading Layer 1 blockchain platform, respectively. GSR will charge a 1.00% management fee on the fund.
The Core3 ETF distinguishes itself through active management and yield-generation capabilities. The fund allocates dynamically across its three holdings and rebalances on a weekly basis using research-driven signals designed to pursue additional returns beyond passive index exposure. Notably, Core3 may accumulate staking rewards where applicable, providing investors with yield-bearing crypto exposure alongside price appreciation potential. Framework Digital Advisors has been designated as the fund's investment adviser.
According to Xin Song, CEO of GSR, the ETF launch extends the company's decade-long expertise in building efficient crypto markets into a product accessible to a broader investor base. Andy Baehr, Managing Director of Asset Management at GSR, positioned Core3 as addressing three critical investor questions: which assets to own, how to generate yield while holding crypto positions, and how to maintain optimal positioning as markets evolve. The fund's focus on Bitcoin, Ether, and Solana reflects GSR's assessment of the cryptocurrency market's dominant themes—Bitcoin's establishment as a macro asset and the prominent role of Layer 1 blockchains supporting stablecoins and tokenization infrastructure.
The launch expands GSR's asset management business at the intersection of traditional finance and digital assets, responding to institutional demand for liquid, regulated access to cryptocurrency exposure. The move builds on GSR's operational foundation as a crypto trading firm, liquidity provider, and investor with deep relationships across exchanges, miners, crypto projects, and traditional financial institutions.
The Core3 ETF distinguishes itself through active management and yield-generation capabilities. The fund allocates dynamically across its three holdings and rebalances on a weekly basis using research-driven signals designed to pursue additional returns beyond passive index exposure. Notably, Core3 may accumulate staking rewards where applicable, providing investors with yield-bearing crypto exposure alongside price appreciation potential. Framework Digital Advisors has been designated as the fund's investment adviser.
According to Xin Song, CEO of GSR, the ETF launch extends the company's decade-long expertise in building efficient crypto markets into a product accessible to a broader investor base. Andy Baehr, Managing Director of Asset Management at GSR, positioned Core3 as addressing three critical investor questions: which assets to own, how to generate yield while holding crypto positions, and how to maintain optimal positioning as markets evolve. The fund's focus on Bitcoin, Ether, and Solana reflects GSR's assessment of the cryptocurrency market's dominant themes—Bitcoin's establishment as a macro asset and the prominent role of Layer 1 blockchains supporting stablecoins and tokenization infrastructure.
The launch expands GSR's asset management business at the intersection of traditional finance and digital assets, responding to institutional demand for liquid, regulated access to cryptocurrency exposure. The move builds on GSR's operational foundation as a crypto trading firm, liquidity provider, and investor with deep relationships across exchanges, miners, crypto projects, and traditional financial institutions.
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