GSR Launches Diversified Crypto ETF with Staking Capabilities

Market maker GSR has made a notable move in the financial sector with the launch of its first exchange-traded fund (ETF). The GSR Crypto Core3 ETF, listed on Nasdaq under the ticker symbol BESO, will invest in a diversified portfolio of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The innovative aspect of this ETF is its inclusion of staking capabilities, allowing investors to accumulate staking rewards where applicable. This feature makes it unique among US-based cryptocurrency ETFs.

GSR's CEO, Andy Baehr, highlighted the significance of this launch: “Core3 answers three questions that every crypto investor faces: what to own, how to generate returns while holding, and how to position yourself as markets evolve?”