GSR Launches First ETF on Nasdaq: BESO Holds BTC, ETH, SOL With Active Weekly Rebalance
Market maker GSR has launched its first ETF, the GSR Crypto Core3 (BESO) on Nasdaq: an actively managed multi-asset fund holding BTC, ETH and SOL with staking-income participation.
GSR, the long-time crypto market maker, on April 22, 2026 launched its first exchange-traded fund: the GSR Crypto Core3 ETF under ticker BESO, listed on Nasdaq. (Some filings date the launch to April 21.)
Product structure
BESO is actively managed with a 1% fee and rebalances weekly based on GSR's research-driven signals. The fund holds Bitcoin, Ethereum, and Solana, and can earn staking rewards on eligible assets. Framework Digital Advisors serves as investment adviser.
A first for U.S. crypto ETFs
BESO is the first actively managed multi-asset crypto ETF in the U.S. designed to give investors access to staking income, in addition to price exposure.
GSR's expansion
The launch marks GSR's move beyond trading and market-making into asset management. The thesis behind BESO is straightforward: BTC as a macro asset, ETH and SOL as smart-contract platforms — bundled into a single active vehicle.
Why it matters
Single-asset spot ETFs have become crowded. Active, multi-asset vehicles with staking yield are the next rung — and the one where specialist crypto-native issuers have a real edge over pure TradFi sponsors. BESO is an early read on that demand.
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