GSR has launched the GSR Crypto Core3 ETF (ticker: BESO) on Nasdaq, joining the ETF race with an actively managed fund that targets Bitcoin, Ethereum and Solana. The fund rebalances weekly, charges a 1% management fee, and “accounts for staking rewards where applicable” to boost total returns, The Block reports.
BESO combines spot exposure to BTC, ETH and SOL with on‑chain yield capture where protocol rules allow, positioning itself as the first actively managed multi‑asset crypto ETF in the US to offer staking capabilities, according to Binance’s summary of the launch. The weekly rebalancing gives the portfolio team flexibility to adjust weights in response to volatility, flows and shifting narratives across the three assets.
The move reflects GSR’s shift from market‑making toward asset management; the firm previously created a US asset‑management division and filed for a suite of ETFs, including the Crypto Core3 strategy and an Ethereum Staking Opportunity product. While firms like Grayscale have added staking to some single‑asset trusts, BESO is notable for combining three major tokens in one actively managed vehicle and explicitly integrating staking into the fund’s return profile.
Strategically, GSR is betting that investors want more than pure “digital gold.” By packaging BTC, ETH and SOL together with embedded staking and professional rebalancing, BESO offers a single‑ticket way to hold base money, smart‑contract settlement and a high‑throughput L1, with an added yield component for eligible assets.
