GSR Unveils First Multi-Asset Crypto ETF with Staking Access on Nasdaq

GSR has launched its first exchange-traded fund (ETF) on Nasdaq, called the GSR Crypto Core3 ETF, which trades under the ticker BESO. This is a significant development in the US crypto ETF market, as it's the first actively managed multi-asset crypto ETF to include staking access.

BESO holds Bitcoin, Ethereum, and Solana, with a structure that accumulates staking rewards on eligible assets. GSR describes it as a way for investors to earn yield while holding these assets. The fund carries a 1% annual management fee and is rebalanced weekly using research-driven signals.

According to Andy Baehr, GSR's Managing Director of Asset Management, the fund addresses common questions for crypto investors: 'What to own, how to earn yield while you hold, and how to be positioned as markets evolve.'

The launch comes at a time when the US crypto ETF market is expanding beyond single-asset products. Bloomberg ETF analyst James Seyffart predicts that basket ETFs will become one of the fastest-growing categories in crypto investment products over the next two years.