GSR Launches Crypto Core3 ETF Tracking Bitcoin, Ether and Solana With Dynamic Allocation Strategy

Institutional trading firm GSR has launched its first crypto ETF, the GSR Crypto Core3 ETF (BESO), offering investors exposure to three of the largest digital assets by market capitalization: Bitcoin, Ether, and Solana.

The ETF began trading Wednesday and recorded nearly $5 million in volume on its first day, with 185,574 shares traded worth approximately $4.8 million, according to market data from Nasdaq. The fund closed its debut session at $26.04 per share before rising to about $33 in after-hours trading.

According to company statements, the BESO fund tracks the spot prices of the three cryptocurrencies and also incorporates staking rewards, providing an additional yield component. The ETF uses a dynamic allocation strategy designed to optimize returns and carries a 1% management fee.

Weekly Rebalancing Strategy Gives ETH and SOL Larger Weight

GSR stated that allocations within the fund will be rebalanced weekly using research-driven signals aimed at maximizing performance. A model portfolio released alongside the launch showed a heavier weighting toward Ether and Solana.

In the optimized allocation model, Ether accounted for 51.4% of the portfolio and Solana for 41.67%, while Bitcoin held a comparatively smaller share of 6.93%. This structure indicates that Bitcoin, despite its dominance in market capitalization, plays a smaller role in the ETF’s performance strategy.

Launch Aligns With Growing Institutional Push Into Crypto ETFs

GSR’s entry into the exchange-traded fund market coincides with increasing participation from major financial institutions. Morgan Stanley recently launched a spot Bitcoin ETF on April 8, which has already attracted $163.8 million in net inflows. Meanwhile, Goldman Sachs filed for a Bitcoin Premium Income ETF on April 14, designed to allow investors to generate passive income while maintaining exposure to Bitcoin price growth.

Xin Song said the ETF launch reflects the firm’s goal of expanding access to its investment strategies, noting that the move aims to make digital asset exposure available to a broader range of investors as the crypto market continues to evolve.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.