In 2026, ETFs have become more popular, not only in the cryptocurrency space but also in the traditional market. GSR, the cryptocurrency capital markets, is the latest entrant in this race, having introduced its first exchange-traded fund (ETF).
With a new Nasdaq-listed ETF under the ticker BESO, the GSR Crypto Core3 ETF plans to offer exposure to Bitcoin [BTC], Ethereum [ETH], and Solana [SOL].
Why does the GSR ETF look different from other ETFs?
The ETF intends to allow staking yields, in which BESO will stake a portion of its cryptocurrency holdings, such as proof-of-stake assets, at a management fee of 1.00%.
This basket of ETFs provides a dynamic allocation strategy wherein the ETFs will be rebalancing their assets. Explaining the reason behind the ETF launch, GSR noted,
We built this ETF product to bridge our global crypto markets experience with the needs and interests of both institutional and retail investors.
Adding more to the sentiment, Xin Song, GSR’s CEO, said,Â
GSR has spent over a decade building efficient crypto markets, and with Core3, we are extending that expertise into a product accessible to a broader range of investors.
The competition is fierce
This comes on the heels of the traditional market stepping into the crypto ETF space. For instance, the Morgan Stanley Bitcoin ETF (MSBT), which went live on the 8th of April, has been in an inflow streak since then.
As per Fariside Investors, there were days when earlier crypto ETFs’ like Grayscale’s GBTC, were seeing outflows, but MSBT was seeing inflows.
In just two weeks, MSBT has recorded inflows worth $163 million. At the same time, both the Bitcoin and Ethereum ETF markets are also on an inflows streak. Whereas, the SOL and XRP ETFs have faced a few days of zero flows this week.Â
Yet, despite the outflow streak on its BTC ETF, Grayscale is expanding horizons as it recently filed an updated registration statement with the U.S. SEC to launch a Bittensor-based investment product.
Final Summary
- GSR Crypto Core3 ETF comes live, offering multiple assets via a single product with a 1.00% management fee on staking rewards.
- BESO joins the list of other spot Bitcoin ETFs and Morgan Stanley’s Bitcoin ETF (MSBT), showing a rise in competition in the ETF space.Â
