GSR (Global Systematic Research) has announced the launch of the GSR Crypto Core3 ETF (ticker: BESO), the first multi-asset crypto exchange-traded fund listed in the United States. The fund simultaneously holds Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), integrates active management, and generates additional returns through staking.
Key Highlights
- Multi-Asset Exposure: BESO provides a diversified portfolio of BTC, ETH, and SOL with weekly rebalancing based on GSR's research.
- Staking Rewards: The fund earns staking yields from eligible underlying assets, offering a potential income stream beyond price appreciation.
- Competitive Fee: A 1% management fee targets both institutional and retail investors seeking a simplified entry into crypto markets.
GSR Crypto Core3 ETF: One-Stop Diversified Crypto Investment
The GSR Crypto Core3 ETF (BESO) is now trading on US exchanges, marking a milestone in the evolution of crypto investment products. Unlike single-asset crypto ETFs, BESO employs an active management strategy: GSR's research team adjusts the weightings of Bitcoin, Ethereum, and Solana on a weekly basis, aiming to capture relative outperformance while managing volatility.
Xin Song, CEO of GSR, said: “GSR has spent over a decade building efficient crypto markets. With Core3, we are extending that expertise into a product accessible to a broader range of investors. Our ETF strategy reflects a deep understanding of how this asset class is evolving.”
Notably, BESO incorporates staking functionality. When the underlying assets support staking (such as Ethereum and Solana), the fund participates in network validation to earn protocol rewards. This feature distinguishes BESO from most existing crypto ETFs, which focus solely on price exposure.
From Market Making to Asset Management
GSR, traditionally known as a leading crypto market maker and liquidity provider, is now expanding into asset management. Andy Baehr, Managing Director of Asset Management at GSR, stated: “As cryptocurrency becomes an increasingly important component of modern portfolios, Core3 delivers exposure to the key drivers of this asset class – Bitcoin’s macro impact and the continued growth and adoption of blockchain technology.”
The launch comes at a time of surging institutional interest. In the week of April 13–17, 2026, Bitcoin ETFs alone attracted nearly $1 billion in net inflows, underscoring strong demand. Analysts predict that multi-asset ETFs with added staking yields could be the next growth frontier in the crypto ETF landscape.
GSR has indicated that it may explore additional yield-focused ETF products in the future, further catering to the demand for sophisticated crypto investment tools.