GSR Launches Crypto Core3 ETF on Nasdaq

GSR, a leading institutional cryptocurrency trading platform, launched its first exchange-traded fund on Wednesday, introducing the Crypto Core3 ETF under the ticker BESO on Nasdaq. The fund provides investors with exposure to Bitcoin, Ether and Solana in a single product, incorporating staking rewards and a dynamic allocation strategy designed to optimize returns.

The ETF tracks the spot prices of these three cryptocurrencies while applying active portfolio management. Allocations among Bitcoin, Ether and Solana will rebalance weekly based on research-driven signals, according to GSR. In a model portfolio analysis released Wednesday, the firm outlined an optimized breakdown with Ether at 51.4 percent, Solana at 41.67 percent and Bitcoin at 6.93 percent. The fund carries a 1 percent management fee and allows staking on eligible assets to generate yield from blockchain networks. Framework Digital Advisors serves as the investment adviser, enabling the ETF to hold assets directly and adjust exposure across market cycles.

On its debut trading day, BESO recorded significant activity, with 185,574 shares traded valued at approximately 4.8 million dollars, based on Nasdaq data. The...