GSR launches BESO ETF on Nasdaq with BTC, ETH and SOL

GSR launched the Crypto Core3 ETF, trading on Nasdaq under the ticker BESO, on April 22, 2026. The fund provides actively managed exposure to Bitcoin, Ethereum and Solana, and will generate staking rewards from its ETH and SOL holdings while rebalancing portfolio weights weekly.

The ETF charges a 1% annual management fee and is offered to both retail and institutional investors. GSR will adjust portfolio weights each week using research-driven signals the firm says are designed to pursue higher returns than a static allocation.

GSR is a crypto market maker with more than a decade of experience in trading, liquidity provision and risk management. The firm said ETH and SOL holdings in the ETF will be staked to produce rewards for shareholders. The allocation strategy assigns Bitcoin for macro exposure and Ethereum and Solana for blockchain growth and adoption rather than tracking a single-asset benchmark.

GSR CEO Xin Song wrote in a statement that the ETF extends the firm’s market expertise to a broader range of investors and reflects its view of how the asset class is evolving. Andy Baehr, managing director of asset management at GSR, described Core3 as addressing what to own, how to earn yield while holding assets, and how to adjust positioning as markets change; he added that the weekly rebalancing will reflect the firm’s market research.

ETF analyst James Seyffart posted on X that basket ETFs are likely to be one of the faster-growing categories in crypto ETFs and that products like Core3 will attempt to outperform a simple equal‑weight index of BTC, ETH and SOL.

Market data at launch showed gains for the three tokens as the broader crypto market rose. Bitcoin traded near $79,130, up about 11% over the prior month. Ethereum was around $2,400, up roughly 10% month over month, and Solana was near $88.31, down about 3.1% over the same period. The three tokens had each risen more than 3% in the previous 24 hours.

GSR said it will use its trading and liquidity experience to support ETF operations and custody as it offers Core3 to U.S. investors who prefer a single product that combines diversified crypto exposure, staking and active rebalancing.