GSR launches BESO ETF tracking Bitcoin, Ether, Solana
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- GSR launched the GSR Crypto Core3 ETF (BESO), tracking Bitcoin, Ether and Solana, with $5 million of trading volume and a close of $26.04 (rising to $33 after‑hours) on its opening day.
- Morgan Stanley introduced a spot Bitcoin ETF on April 8, which has already attracted $163.8 million in net inflows.
- Goldman Sachs filed for a Bitcoin Premium Income ETF on April 14, aiming to let investors earn passive income while still benefiting from price appreciation.
- BESO employs a dynamic allocation strategy that rebalances weekly based on research‑driven signals, with a model portfolio of 51.4 % Ether, 41.67 % Solana and 6.93 % Bitcoin.
- Xin Song said the ETF expands GSR’s services to a broader range of investors, reflecting the firm’s deep understanding of the evolving crypto asset class.
Why it matters: GSR captures $5 million of first‑day trading and a 1 % fee, boosting its revenue while giving retail investors a regulated route to Ether and Solana; Bitcoin may lose relative inflow as the fund favors altcoins.
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