GSR Launches First Multi-Asset Cryptocurrency ETF

GSR, the cryptocurrency capital markets partner, has launched its first digital asset exchange-traded fund (ETF), the GSR Crypto Core3 ETF (NASDAQ: BESO). This is a significant development in the crypto market as it marks the expansion of GSR's asset management business and provides investors with a new way to access and manage their cryptocurrency investments.

The GSR Crypto Core3 ETF offers exposure to Bitcoin, Ether, and Solana, which are three dominant cryptocurrencies in the market. The fund will be actively managed by Framework Digital Advisors, with GSR charging a 1% management fee. This is a significant milestone for GSR as it marks its entry into the ETF space.

Xin Song, CEO of GSR, stated that '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.' Andy Baehr, Managing Director of Asset Management at GSR, added that '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.'