GSR Debuts BESO ETF on Nasdaq, Pairing Bitcoin, Ether and Solana Exposure With Staking Yield

GSR has listed the BESO ETF on Nasdaq, offering institutional investors a single vehicle that combines exposure to Bitcoin, Ethereum and Solana with active staking designed to generate additional returns, CoinDesk reported. The fund begins trading on Nasdaq today under the ticker BESO. BESO is positioned as a new ETF format that blends price exposure with on-chain income. Built with Framework Digital Advisors, the fund holds three major crypto assets and applies staking—locking tokens to support blockchain networks—to pursue yield on top of market performance. Jane Street Capital will serve as the lead market maker to support liquidity in the early days of trading. Unlike traditional spot crypto ETFs that primarily track price, BESO integrates staking into its portfolio construction. The prospectus outlines key risks tied to that approach, including "slashing" penalties for validator mistakes, technical failures, and potential liquidity limits while assets are locked. The strategy, branded "Core3," combines macro and technical signals. It frames bitcoin as a digital store of value, while ethereum and solana are treated as core platforms for tokenization and decentralized finance. In contrast to products such as BlackRock's IBIT, BESO rebalances weekly, allowing allocations across the three assets to shift with market signals. The launch comes as competition in crypto ETFs accelerates. Single-asset products such as the iShares Ethereum Trust and ETHB have started exploring staking-related features, though they remain focused on one token. Analysts say institutional ownership across these tools remains significant, pointing to a trend toward longer-term capital. The debut also lands amid heightened DeFi risk following several high-profile hacks in April. GSR is highlighting liquidity and risk-management capabilities, combining institutional-grade infrastructure with controlled staking processes to reduce operational vulnerabilities. BESO charges a fee of about 1% and markets itself as a hybrid of capital appreciation and yield. The product adds to a broader shift in the U.S. crypto ETF market toward more active, income-oriented structures—aiming to move investor expectations from simply holding crypto to earning from it.