GSR launches BESO U.S. multi-asset crypto ETF
GSR launched BESO, a U.S.-listed ETF giving exposure to bitcoin, ether and solana with weekly active allocation, staking where allowed and a 1% management fee.
GSR has launched the GSR Crypto Core3 ETF, listed in the United States under the ticker BESO. The fund combines bitcoin, ether and solana into one actively managed portfolio and is the firm’s first U.S.-listed crypto ETF.
The ETF will allocate capital among the three tokens on a weekly basis using GSR’s proprietary research signals and trading models. Where network rules and custody arrangements permit, the fund will stake underlying tokens and add any staking rewards to fund returns.
The product charges a 1% management fee. Rather than holding fixed allocations, the fund will shift weightings among the assets each week based on its allocation signals and trading strategy.
GSR has operated in crypto trading, liquidity provision and structured products for more than a decade. Core3 represents the firm’s entry into registered asset management and is offered to both institutional and retail investors seeking a single listed vehicle for multi-crypto exposure.
Xin Song, GSR’s chief executive officer, said: “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.”
Andy Baehr, managing director for asset management, added: “Core3 provides exposure to the asset class’s primary drivers — bitcoin’s macro influence and the continued growth and adoption of blockchain technology.”
Staking rewards will vary with network conditions and GSR’s operational setup and will be applied only when the underlying token and custody arrangements allow. The fund intends to capture those rewards as an additional source of return alongside price changes.
The launch follows a trend of U.S. crypto ETFs expanding beyond single-token products toward multi-asset and yield-focused strategies. BESO will rebalance weekly and use active trading to pursue its allocation objectives, and GSR says its operational and custody arrangements are structured to meet regulatory and investor standards for a listed ETF.
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