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GSR launches a multi-asset crypto ETF tracking Bitcoin, Ethereum, and Solana, featuring active management, staking rewards, and a 1% fee.
Author: Arushi Garg
April 23, 2026: GSR, a major crypto market maker, has launched its first exchange-traded fund, marking its entry into asset management. The GSR Crypto Core3 ETF (NASDAQ: BESO) began trading today, offering exposure to Bitcoin, Ethereum, and Solana through a single regulated ticker. The fund uses weekly rebalancing to adjust allocations. It also incorporates staking rewards from Ethereum and Solana where permitted and charges a 1% management fee.
According to GSR, the product is designed to simplify diversified crypto exposure for traditional investors while introducing a yield component through staking.
High Signal Summary For A Quick Glance
Macro Bombastic
@MacroBombastic
@Cointelegraph Bro this is what we've been waiting for
🚨 TODAY: GSR launches its first multi-asset crypto ETF (NASDAQ: BESO) covering Bitcoin, Ethereum, and Solana with active management and staking rewards at a 1% fee. https://t.co/rTEz3Z3h9S
12:56 AM·Apr 23, 2026
Lea Thompson
@LeaT_Design
@Cointelegraph GSR's ETF finally packs real utility with staking. That 1% fee though.
🚨 TODAY: GSR launches its first multi-asset crypto ETF (NASDAQ: BESO) covering Bitcoin, Ethereum, and Solana with active management and staking rewards at a 1% fee. https://t.co/rTEz3Z3h9S
12:48 AM·Apr 23, 2026
Jacky Goh | Rewards Bunny
@JackyGohSG
@Cointelegraph People won't buy complexity. They'll buy a familiar wrapper for it.
🚨 TODAY: GSR launches its first multi-asset crypto ETF (NASDAQ: BESO) covering Bitcoin, Ethereum, and Solana with active management and staking rewards at a 1% fee. https://t.co/rTEz3Z3h9S
12:44 AM·Apr 23, 2026
GSR’s move into ETFs comes as institutional demand for regulated crypto exposure continues to grow following the approval and success of spot Bitcoin and Ethereum ETFs in the United States. Expanding into asset management allows the firm to diversify revenue streams beyond trading and capture longer-term capital flows.
Founded in 2013, GSR has built its reputation providing liquidity and OTC trading services across global crypto markets. The launch of BESO represents a strategic shift toward packaging that market expertise into investment products accessible through traditional financial infrastructure. The ETF provides a single entry point into three of the largest crypto assets. It uses active management through weekly rebalancing and seeks to enhance returns via staking rewards on Ethereum and Solana.
Note: GSR describes BESO as the first actively managed multi-asset crypto ETF in the U.S. This claim should be verified against SEC filings and ETF databases.
Timeline: GSR’s transition from market maker to multi-asset crypto ETF provider
GSR is established and grows into one of the world’s largest crypto market makers and OTC trading firms.
GSR expands into regulated asset management and files for its first multi-asset crypto ETF.
GSR launches the Crypto Core3 ETF (NASDAQ: BESO), the first actively managed fund offering Bitcoin, Ethereum, and Solana in one ticker.
BESO starts trading on Nasdaq with weekly rebalancing, staking rewards on ETH and SOL, and a 1% management fee.
GSR has long been known for its role in providing deep liquidity to crypto markets. Its transition into asset management reflects a broader industry trend where trading firms evolve into full-stack financial service providers.
The ETF launch positions GSR alongside traditional asset managers entering crypto, while also competing with passive ETF products that typically offer lower fees but no active allocation or yield generation.
While the ETF introduces convenience and potential yield, it also carries trade-offs. The 1% management fee is higher than many passive crypto ETFs, which may impact net returns over time.
Additionally, active management does not guarantee outperformance. The success of the fund will depend on how effectively GSR’s rebalancing strategy and staking mechanisms perform relative to simpler buy-and-hold approaches. Regulatory developments also remain a key variable, particularly around staking within ETF structures.
Investors will be closely monitoring early inflows, trading volume, and assets under management to assess demand for the product. Performance relative to a passive basket of Bitcoin, Ethereum, and Solana will be a key benchmark, especially after accounting for fees and staking yield. The launch may also influence whether other issuers introduce similar multi-asset or actively managed crypto ETFs in the near future.
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