GSR Launches First Crypto ETF: Covering BTC, ETH, SOL with Staking Rewards

On April 22, crypto market maker GSR announced its official entry into the ETF space with the launch of its first exchange-traded fund, the GSR Crypto Core3 ETF (ticker: BESO), which is now listed on Nasdaq. The fund will invest in Bitcoin, Ethereum, and Solana, and will seek to earn staking rewards when conditions allow. The Core3 ETF employs an actively managed strategy, with plans for weekly asset rebalancing and a management fee of 1%. GSR stated that this product is one of the first multi-asset crypto ETFs in the U.S. to support staking rewards. This launch comes at a time when the crypto ETF market is rapidly expanding. Since the approval of spot Bitcoin and Ethereum ETFs in 2024, related products have seen significant growth, attracting traditional financial institutions such as Morgan Stanley and Goldman Sachs. GSR indicated that this move marks its further extension from market-making into asset management and capital market services.

BTC-0.36%
ETH-0.43%
SOL-0.71%
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