Trading firm GSR has listed the active ETF 'BESO'. [Photo: GSR X]

[DigitalToday reporter Yoonseo Lee] Trading firm GSR listed an active cryptocurrency exchange-traded fund (ETF), the GSR Crypto Core3 ETF, on Nasdaq, holding bitcoin, ethereum and solana.

CoinPost, a blockchain media outlet, reported on Thursday local time that the ETF's ticker is BESO. It was introduced as the first active multi-asset ETF in the United States designed to provide access to income from staking rewards.

Investors can gain exposure to spot price movements through the product while also receiving rewards generated from holding ethereum and solana. The management fee is 1 percent a year.

The strategy is not a simple index-tracking approach. GSR rebalances the portfolio weekly based on its own trading and risk management experience. It said it also uses proprietary research signals to flexibly adjust asset weightings and aims for returns higher than an equal-weight index.

The listing also aligns with a trend toward more diverse product structures in the U.S. crypto ETF market. After spot bitcoin and ethereum ETFs took hold first, demand is being highlighted as growing for basket ETFs that package multiple assets together. Bloomberg ETF analyst James Seyffart forecast on X that basket ETFs could be among the fastest-growing categories over the next few years.

GSR positioned the ETF as a pillar of business expansion, beyond a simple new-product launch. Shin Song (신 송), GSR's chief executive officer, called the ETF strategy a reflection of a deep understanding of the evolution of asset classes. He also set out a plan to offer more investors access to products built on more than 10 years of market expertise.

GSR also said it is expanding beyond remaining a crypto market maker into a broader capital markets partner. It said its acquisition of an advisory business and investment in a tokenisation platform in recent months are in the same context. The company is accelerating efforts to expand its asset management platform through this.

The core of the product is that it is the first active multi-asset ETF in the U.S. market to combine staking rewards. Unlike single-asset products centered on bitcoin, it chose a structure that also includes ethereum and solana and targets reward income.

The ETF launch is seen as an example showing the U.S. crypto ETF market expanding from a single-asset focus to multi-asset and active management strategies. Attention is on whether investor funds will shift beyond simple spot-tracking products to those combining staking rewards and portfolio rebalancing functions.

Today we’re launching BESO, the GSR Crypto Core3 ETF. $BESO is live on Nasdaq as the premiere U.S. ETF offering exposure to Bitcoin, Ethereum, and Solana with staking yields and a dynamic allocation strategy. pic.twitter.com/zk9XemshcJ

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#GSR #Nasdaq #BESO #Bitcoin #Solana
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