GSR Launches GSR Crypto Core3 ETF BESO on Nasdaq for Bitcoin, Ether, Solana Exposure

Crypto market maker GSR has launched its first exchange-traded fund, the GSR Crypto Core3 ETF, trading on Nasdaq under the ticker BESO, as the firm expands from trading and market making into asset management.

“Crypto giant GSR launches its first ETF to give investors an easy way to bet on the big 3 tokens GSR is entering the asset management space with a new Nasdaq-listed ETF that actively manages a basket of bitcoin, ether and solana while offering investors a chance to earn staking yields”

@coindesk

Multiple outlets describe Core3 as an actively managed basket that provides exposure to bitcoin, ether, and solana, with the fund allocating across the three assets and rebalancing weekly.

@coindesk

CoinDesk says the ETF “actively manages a basket of bitcoin, ether and solana while offering investors a chance to earn staking yields,” and it adds that the fund charges a 1% fee and “rebalances weekly based on research-driven signals.”

CoinCentral similarly frames the product as a single vehicle that “tracks bitcoin, ether, and solana through traditional brokerage accounts,” while also emphasizing that it “applies active management and adjusts allocations weekly based on internal research signals.”

Chainwire’s release, republished by Investing and Brave New Coin, states that Core3 is “the first multi-asset crypto ETF in the U.S., providing both active management and access to staking rewards,” and it reiterates that GSR will charge a 1.00% management fee.

The same Chainwire material identifies Framework Digital Advisors as the fund’s investment adviser and says Core3 provides exposure to “Bitcoin, Ether, and Solana.”

In a separate market-focused report, Stocktwits says BESO stock was “trading around $26 in midday trade,” and it also cites an SEC filing that “at least 80% of its assets will be invested in digital assets directly or through exchange-traded products.”

Core3’s structure, as described across the sources, combines active allocation with a staking component that is intended to generate yield while the ETF holds the underlying assets.

CoinDesk says the fund “can earn staking rewards on eligible assets,” and it describes the product as “actively managed” with weekly rebalancing “based on research-driven signals.”

Bitcoin World

CoinCentral echoes the weekly adjustment approach, saying the ETF “rebalances weekly based on internal research signals” and “charges a 1% management fee.”

The Chainwire release published by Investing and Brave New Coin adds that “Core3 provides exposure to Bitcoin, Ether, and Solana,” and it states that “The fund allocates actively across the three assets and rebalances weekly based on research-driven signals designed to pursue additional returns,” with “The fund may also accumulate staking rewards where applicable.”

Cryptonews.net goes further in characterizing the staking feature as a first in the U.S., stating that “BESO is the first actively managed multi-asset cryptocurrency exchange-traded fund (ETF) in the US to offer staking capabilities.”

Bitcoin World also specifies that the staking mechanism applies to Ethereum and Solana, stating that “this feature applies to its Ethereum and Solana holdings,” and it says the ETF “can generate a yield for shareholders beyond simple price appreciation.”

Stocktwits adds a pricing snapshot and a regulatory framing, stating that the fund “would be trading under ticker BESO” and that it “has a 1% management fee,” while also noting that it “may rebalance positions” due to its actively managed structure.

The sources attribute Core3’s launch to GSR’s move into a regulated, brokerage-based product category, and they also identify the adviser and the firm’s leadership quotes.

“New York, New York, April 22nd, 2026, Chainwire Expands asset management offering to issue the first multi-asset, actively managed US crypto ETF across Bitcoin, Ethereum, and Solana GSR, crypto’s capital markets partner, today launched its first digital asset exchange-traded fund (ETF), the GSR Crypto Core3 ETF (NASDAQ: BESO) (“Core3”)”

Brave New Coin

CoinDesk says “Framework Digital Advisors will serve as the fund’s investment adviser,” and it describes GSR as having “spent more than a decade providing liquidity and over-the-counter trading services in crypto markets” before packaging that expertise into investment products.

In the Chainwire release, Investing and Brave New Coin both quote GSR CEO Xin Song saying, “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.”

The same Chainwire materials quote Andy Baehr, stating, “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?”

CoinDesk also includes a leadership quote from Xin Song, saying “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,” and it frames the fund’s strategy as reflecting “two main themes in crypto markets: bitcoin’s role as a macro asset and the growth of blockchain platforms such as Ethereum and Solana.”

Cryptonews.net attributes a different CEO quote to Andy Baehr, saying, “Core3 answers three questions that every crypto investor faces: what to own, how to generate returns while holding, and how to position yourself as markets evolve?”

Stocktwits adds a market context statement by citing an ETF analyst, saying Bloomberg ETF analyst James Seyffart wrote on X: “launching their first ETF!”

Several sources situate Core3’s launch within a broader expansion of crypto ETFs and within the U.S. approval timeline for spot products.

Cryptonews.net says the launch comes “amid rapid growth in the cryptocurrency ETF market” and points to “the approval of spot Bitcoin and Ethereum ETFs in 2024,” adding that “ETF products have rapidly expanded, attracting traditional finance firms such as Morgan Stanley and Goldman Sachs.”

CoinCentral

CoinDesk similarly describes the timing as “as crypto ETFs have gained traction with both retail and institutional investors seeking easier access to digital assets through traditional brokerage accounts,” and it notes that “While most U.S.-listed crypto ETFs to date have focused on single assets, particularly bitcoin, some have moved to basket funds.”

Bitcoin World provides a more specific regulatory sequence, stating that “the U.S. Securities and Exchange Commission approved several spot Bitcoin ETFs in early 2024” and that “spot Ethereum ETFs gained approval later that same year.”

It also frames Core3 as a “first-of-its-kind investment product in the United States” that “combines multiple assets into a single, actively managed product,” and it describes the staking component as a mechanism to “generate a yield for shareholders beyond simple price appreciation.”

CoinDesk adds a comparison point by referencing “the largest, BlackRock’s iShares Bitcoin Trust (IBIT)” as an example of an ETF that has added staking rewards, saying “This feature the fund to generate yield from certain blockchain networks while holding assets.”

Stocktwits adds additional market data and institutional activity, stating that “BlackRockbought nearly$900 million worth of Bitcoin in the past week” and that “Farside Investors data reveals that BlackRock’s iShares Bitcoin Trust (IBIT) remains in the top position with consistent inflows including $39.3 million on Tuesday.”

Beyond product design, the sources include risk disclosures and describe how staking is handled within the ETF framework.

“Crypto giant GSR launches its first ETF to give investors an easy way to bet on the big 3 tokens GSR is entering the asset management space with a new Nasdaq-listed ETF that actively manages a basket of bitcoin, ether and solana while offering investors a chance to earn staking yields”

CoinDesk

The Chainwire text republished by Investing and Brave New Coin includes a “Crypto Currency Risk” section that says the “Reference Assets are relatively new innovations and are subject to unique and substantial risks,” and it warns that “The prices of the Reference Assets have historically been highly volatile.”

CoinDesk

It further states that “The value of the Fund’s exposure to the Reference Assets—and therefore the value of an investment in the Fund—could decline significantly and without warning, including to zero.”

The same disclosure text describes “Staking and Validator Risk,” saying that when the fund stakes “Reference Assets that utilize proof-of-stake consensus (currently, Ethereum and Solana),” the assets face “illiquidity, reliance on third-party service providers, slashing, missed rewards, validator problems, and errors.”

It also includes “Liquidity Risk,” stating that “Unbonding periods for staked Reference Assets may range from several days to several weeks depending on network conditions.”

Bitcoin World provides additional operational detail, describing that “For Ethereum, validators propose and attest to blocks on the Beacon Chain,” and that “Solana validators process transactions on its high-throughput network.”

Finally, the Chainwire disclosures include a call for investors to review the prospectus, stating “Read the prospectus or summary prospectus carefully before investing,” and they provide a prospectus access mechanism with “please call 888-999-5958 or visit our website at gsretps.io/etf/beso.”