GSR Debuts Crypto Core3 ETF on Nasdaq, Adds Staking Income Feature

GSR has rolled out its first exchange-traded fund, the GSR Crypto Core3 ETF, which began trading on Nasdaq on Wednesday, CoinDesk reported. The actively managed fund, which trades under the ticker BESO, offers exposure to Bitcoin, Ethereum and Solana. In addition to price exposure, the ETF is designed to generate rewards by staking the Ethereum and Solana it holds. GSR set the management fee at 1%. GSR CEO Song Xin said the launch extends the firm's decade-long experience building efficient crypto markets into a product aimed at broadening investor access. The company said the ETF draws on its capabilities in trading, liquidity provision and risk management, positioning it for both retail and institutional investors. GSR plans to rebalance the portfolio weekly using research-driven signals in an effort to optimize returns. Andy Baehr, Managing Director of Asset Management at GSR, said Core3 is built around three core investor needs: deciding what to hold, how to earn yield while holding, and how to stay positioned as the market changes. Bloomberg ETF analyst James Seyffart said the launch could signal a broader shift, writing on X that basket-style crypto ETFs—active or passive—may become one of the fastest-growing segments in the coming years. He added that the fund is targeting outperformance versus an equally weighted benchmark of BTC, ETH and SOL. Over the past 24 hours, all three tokens gained more than 3% as the broader crypto market advanced. Bitcoin was last at $79,130, up nearly 11% from a month ago. Ethereum traded around $2,400, up about 10% over the same period, while Solana was near $88.31, down 3.1% month over month.