GSR Enters ETF Market with Cryptocurrency Fund Launch

GSR, a well-established crypto market-making platform, has expanded into the exchange-traded fund (ETF) market with the launch of BESO.

The ETF tracks the spot price of Bitcoin, Ether, and Solana, offering staking rewards to investors. A dynamic allocation strategy will be employed to optimize returns for the fund, which carries a 1% management fee.

In its first trading day, BESO saw 185,574 shares traded worth approximately $4.8 million, with the fund closing at $26.04 but rising to $33 in after-hours trading.