GSR Enters Asset Management with Launch of Multi-Asset Crypto ETF

GSR, a prominent crypto trading and market-making firm, has officially expanded its business model into asset management with the launch of the GSR Crypto Core3 ETF. Trading under the ticker BESO on the Nasdaq, the fund provides a regulated vehicle for investors to gain exposure to a basket of the industry's leading digital assets. The ETF tracks three primary tokens—Bitcoin, Ether, and Solana—reflecting a strategic bet on Bitcoin's role as a macro asset and the utility of blockchain platforms. This move signals a growing trend toward 'basket funds' in the U.S. market, moving away from the single-asset focus that dominated early crypto ETF offerings. The fund carries a 1% management fee and is managed by Framework Digital Advisors. Unlike many passive vehicles, the Core3 ETF employs active portfolio management, with allocations rebalanced weekly based on research-driven signals. Additionally, the fund integrates staking rewards on eligible assets to generate yield, a feature increasingly sought after by sophisticated investors. By transitioning from a liquidity provider to an asset manager, GSR leverages over a decade of over-the-counter (OTC) trading expertise to capture a share of the growing demand for regulated crypto products. The launch underscores the ongoing institutionalization of digital assets as traditional brokerage accounts become the primary gateway for crypto exposure.