GSR Launches Active Crypto ETF Covering Bitcoin, Ethereum and Solana
According to the new report, GSR’s BESO ETF on Nasdaq actively manages Bitcoin, Ethereum and Solana with weekly rebalancing, a 1% fee, and staking rewards where permitted.
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Fact Check
The CoinDesk article directly supports the core claim: GSR launched its first ETF, named the GSR Crypto Core3 ETF, trading on Nasdaq under ticker BESO, with active management across bitcoin, ether, and solana and staking yield on eligible assets. The Block's X post independently matches the same central facts and also describes it as GSR's first crypto ETF offering covering Bitcoin, Ethereum and Solana. However, the specific attribution 'According to Bloomberg ETF analyst James Seyffart' was not directly verified from a Bloomberg or Seyffart source in this run, and no official GSR or Nasdaq announcement page was successfully fetched. So the main substance of the claim is well supported, while the exact attribution remains unverified here.
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Summary
GSR’s GSR Crypto Core3 ETF, trading on Nasdaq under ticker BESO, is an actively managed crypto ETF that allocates across Bitcoin, Ethereum and Solana. New details indicate the fund uses weekly rebalancing, charges a 1% management fee, and includes built-in staking rewards where allowed. The launch marks GSR’s move beyond its market-making business into the competitive crypto ETF market.
Terms & Concepts
- Crypto ETF: An exchange-traded fund that gives investors exposure to digital assets through a regulated market product without directly holding the tokens themselves.
- Actively managed: A strategy in which portfolio managers adjust allocations over time instead of tracking a fixed index or static asset weights.
- Staking rewards: Crypto rewards earned by participating eligible tokens in a blockchain’s validation process, where regulations and fund structure allow.