GSR launches its first crypto ETF: covering BTC, ETH, SOL and supporting staking yields

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BlockBeats news, April 22—Crypto market maker GSR announced its official entry into the ETF space, launching its first exchange-traded fund, GSR Crypto Core3 ETF (ticker: BESO), which is now listed on Nasdaq. The fund will invest in Bitcoin, Ethereum, and Solana, and will obtain staking rewards when conditions allow.

It is reported that the Core3 ETF uses an active management strategy and plans to rebalance its assets on a weekly basis, with a management fee of 1%. GSR said that this product is one of the first multi-asset crypto ETFs in the U.S. to support staking rewards.

This launch comes at a time of rapid expansion in the crypto ETF market. Since the approval of spot Bitcoin and Ethereum ETFs in 2024, related products have grown rapidly, attracting traditional financial institutions including Morgan Stanley and Goldman Sachs to enter the market. GSR said that this move marks its further expansion from market-making business into asset management and capital markets services.

BTC2,8%
ETH1,98%
SOL0,23%
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