Market maker GSR has officially entered the exchange-traded fund (ETF) space with the launch of its GSR Crypto Core3 ETF, which began trading on the Nasdaq exchange on Wednesday, April 22, 2026, under the ticker symbol BESO.
The fund represents a significant development as it is described as the first actively managed multi-asset cryptocurrency ETF in the United States to offer staking capabilities. The GSR Crypto Core3 ETF provides investors with exposure to three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The fund will actively manage and rebalance its portfolio of these assets on a weekly basis, utilizing research-driven signals to seek optimal returns.
A key feature of the ETF is its ability to accumulate staking rewards from its ETH and SOL holdings, offering investors a yield-generating component. The fund will operate with a 1% management fee.
GSR CEO Xin Song stated that the launch extends the firm's decade of experience in building efficient crypto markets into a product accessible to a broader investor base. "Our ETF strategy reflects our deep understanding of how this asset class is evolving," Song said.
Andy Baehr, GSR's Managing Director of Asset Management, elaborated on the fund's purpose: "Core3 answers the three questions every crypto investor faces: what to own, how to earn yield while you hold, and how to be positioned as markets evolve. As crypto becomes an increasingly important component of modern portfolios, Core3 provides exposure to the asset class's primary drivers."
The launch occurs amidst rapid expansion in the crypto ETF market following the approval of spot Bitcoin and Ethereum ETFs in 2024, which attracted major traditional finance firms. Bloomberg ETF analyst James Seyffart commented on the trend, stating, "I expect basket ETFs (active or passive) to be one of the fastest-growing categories in crypto ETFs over the next couple years."
At the time of the announcement, the three underlying assets had each risen more than 3% in the prior 24 hours, with Bitcoin trading around $79,130.
