GSR Rolls Out First Crypto ETF BESO, Targeting BTC, ETH, And SOL Exposure

• GSR is launching the Core3 ETF, an actively managed fund offering combined exposure to Bitcoin, Ethereum, and Solana with a 1% fee.
• The ETF stands out by allowing dynamic allocation shifts and adding staking yield, moving beyond traditional single-asset crypto ETFs.
• The launch coincides with strong institutional demand, as BlackRock added to $900M in BTC and IBIT continues to lead ETF inflows.

GSR reportedly launched its first exchange-traded fund on Wednesday, the GSR Crypto Core3 ETF.

Bloomberg ETF analyst James Seyffart said GSR is “launching their first ETF!” on X. This is one of the first actively managed “core crypto basket” ETFs in the U.S and would be trading under ticker BESO. The fund will invest in Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) and at least 80% of its assets will be invested in digital assets directly or through exchange-traded products, according to its SEC filing. BESO stock was trading around $26 in midday trade. 
 

While most existing crypto ETFs are tied to a single asset, BESO will offer a combination of exposure to the three largest and most popular crypto networks in a single product. The ETF would have a 1% management fee and was introduced in September last year.

The actively managed structure means the fund can dynamically shift allocations, may rebalance positions, giving it a more flexible approach than a passive index-style product, as per the filing. On top of the price exposure the ETF has a yield component through staking.

Bitcoin’s price was trading at $79,069, up over 3% in the last 24 hours, hitting its one-month high. On Stocktwits, retail sentiment around BTC remained in the ‘bullish’ zone, while chatter improved to ‘high’ from ‘normal’ levels over the past day. 

More Institutional Push

The launch comes amid ongoing institutional momentum in crypto markets. BlackRock bought nearly $900 million worth of Bitcoin in the past week, reflecting continued demand for spot Bitcoin ETFs. 

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, despite other funds experiencing outflows.

Other proposals like “crypto blue chip” ETFs, funds that track large, established assets like Bitcoin and Ethereum, with fixed allocations are emerging. However, BESO’s dynamic strategy and multi-asset approach makes it one of the first attempts to package core crypto exposure into a single actively managed ETF for U.S. investors.

Read also: BlackRock Silently Scoops Nearly $1 Billion Of Bitcoin, Outpacing Weekly BTC Supply

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