What is the GSR Crypto Core3 ETF (BESO)?

GSR launched its first ETF, called Crypto Core3 (BESO), which tracks the spot prices of Bitcoin, Ether, and Solana. The fund also includes staking rewards, offering an additional yield component. It is designed to give investors diversified exposure to top crypto assets.

How did the GSR ETF perform on its first trading day?

BESO recorded nearly $5 million in trading volume on launch day, with about 185,574 shares traded. The ETF closed at $26.04 and rose to $33 in after-hours trading. This indicates strong early investor interest.

What makes the GSR Crypto Core3 ETF different from other crypto ETFs?

Unlike single-asset ETFs, BESO tracks three major cryptocurrencies and uses a dynamic allocation strategy. It also includes staking rewards, which can generate additional returns. This makes it a more active and diversified product.

How does the ETF allocate funds across Bitcoin, Ether, and Solana?

GSR uses a weekly rebalancing strategy based on research-driven signals. In its model portfolio, Ether and Solana dominate with over 90% combined allocation, while Bitcoin holds a smaller share of around 7%. This reflects a strategy focused on higher-growth assets.

Why is Bitcoin weighted less in the ETF?

Bitcoin has a smaller allocation because the fund aims to optimise returns rather than strictly follow market cap. Ether and Solana may offer higher yield opportunities through staking and growth potential. This is a strategic decision, not a market standard.

What fees does the GSR Crypto Core3 ETF charge?

The ETF carries a 1% management fee. This is in line with many actively managed crypto investment products. Investors should weigh this cost against potential returns.

How does this ETF fit into broader crypto market trends?

There is a growing wave of institutional crypto ETFs from firms like Morgan Stanley and Goldman Sachs. These products aim to bring crypto exposure to traditional investors. The trend signals increasing mainstream adoption.

Is this ETF good for retail investors?

It can be attractive for investors seeking diversified crypto exposure without managing assets directly. However, active strategies and staking introduce additional risks. Investors should understand the structure before investing.

GSR launches crypto ETF tracking BTC, ETH and SOL

Written by Isaac FrancisPublished Apr. 23 2026Last Updated Apr. 23 2026

GSR has launched its first crypto exchange-traded fund, offering exposure to Bitcoin, Ether and Solana.

The GSR Crypto Core3 ETF, trading under the ticker BESO, recorded about $4.8 million in volume on its first day, with shares rising in after-hours trading.

“Our ETF strategy reflects our deep understanding of how this asset class is evolving,”

Said Xin Song.

The fund tracks spot prices of the three largest cryptocurrencies and incorporates staking rewards alongside a dynamic allocation strategy to optimise returns.

GSR said the ETF will rebalance weekly based on research-driven signals, with initial model allocations heavily weighted toward Ether and Solana over Bitcoin.

The launch comes amid growing competition in crypto ETFs, with firms such as Morgan Stanley and Goldman Sachs rolling out or planning similar products.

The move reflects increasing institutional demand for diversified crypto exposure through regulated investment vehicles as the market continues to mature.

At the time of reporting, Bitcoin price was $78,002.50.