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GSR Launches Bitcoin, Ethereum, and Solana Basket ETF
GSR has launched a basket ETF on Nasdaq that provides actively managed exposure to Bitcoin, Ethereum, and Solana with staking rewards passed through to shareholders.
What: The Crypto Core3 ETF (ticker: BESO) is an actively managed fund that offers exposure to the three largest cryptocurrencies, rebalances weekly, and distributes staking rewards from Ethereum and Solana to investors, with a 1% management fee.
Why it matters: This represents a mainstream financial product that combines traditional ETF accessibility with crypto-native features like staking rewards, potentially making it easier for institutional and retail investors to gain diversified crypto exposure through standard brokerage accounts.
Takeaway: Investors can access this ETF through Nasdaq under the ticker BESO if they want exposure to the top three crypto assets without directly managing wallets or staking.
Decoder
- ETF (Exchange-Traded Fund): An investment fund that trades on stock exchanges like a regular stock, allowing investors to buy shares that represent ownership of underlying assets.\n* Staking rewards: Cryptocurrency earnings generated by locking up tokens to help validate transactions on proof-of-stake blockchains like Ethereum and Solana.\n* Actively managed: A fund where portfolio managers make ongoing decisions about holdings and allocations, as opposed to passively tracking an index.
Original article
GSR launched the Crypto Core3 ETF (ticker: BESO) on Nasdaq with a 1% management fee, offering actively managed exposure to Bitcoin, Ethereum, and Solana through weekly rebalancing and pass-through distribution of ETH and SOL staking rewards to shareholders.
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