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In 2026, exchange-traded funds (ETFs) have gained traction beyond the cryptocurrency niche and into traditional markets. GSR, a cryptocurrency capital markets firm, has entered the space with the launch of its first ETF.
GSR’s new Nasdaq-listed ETF, trading under the ticker BESO, is the GSR Crypto Core3 ETF. It is designed to provide exposure to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The GSR Crypto Core3 ETF is structured to allow staking yields. Under the plan, BESO will stake a portion of its cryptocurrency holdings—such as proof-of-stake assets—while charging a 1.00% management fee.
The ETF also uses a dynamic allocation approach, with its underlying assets rebalanced over time.
We built this ETF product to bridge our global crypto markets experience with the needs and interests of both institutional and retail investors.
GSR CEO Xin Song added:
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.
GSR’s launch comes as traditional finance firms continue moving into crypto ETFs. Morgan Stanley’s Bitcoin ETF (MSBT) began trading on April 8 and has reportedly been seeing inflows since then.
According to Fariside Investors, earlier crypto ETFs such as Grayscale’s GBTC experienced outflows on some days, while MSBT recorded inflows.
In just two weeks, MSBT has recorded inflows totaling $163 million. At the same time, both the Bitcoin and Ethereum ETF markets have been on an inflows streak. By contrast, SOL and XRP ETFs have faced several days of zero flows during the week.
Despite the outflow streak on its BTC ETF, Grayscale is also expanding its product pipeline, filing an updated registration statement with the U.S. SEC to launch a Bittensor-based investment product.
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