GSR Launches Multi-Asset Crypto ETF: BESO
GSR has launched its first digital asset exchange-traded fund (ETF), the GSR Crypto Core3 ETF (NASDAQ: BESO). The Core3 ETF is a multi-asset, actively managed US crypto ETF that provides exposure to Bitcoin, Ethereum, and Solana.
The launch of Core3 expands GSR's asset management business, which operates at the intersection of traditional finance and crypto. Framework Digital Advisors will serve as the fund's investment adviser. The ETF allocates actively across the three assets and rebalances weekly based on research-driven signals designed to pursue additional returns.
GSR has spent over a decade building efficient crypto markets, according to CEO Xin Song. 'Our ETF strategy reflects our deep understanding of how this asset class is evolving,' he said. Andy Baehr, Managing Director, 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.
The launch of Core3 marks the next step in GSR's evolution as a full-scope capital markets partner. The company will charge a 1.00% management fee for the ETF.