GSR Launches BESO ETF: America's First Multi-Asset Crypto ETF with Staking Yields on Nasdaq

On April 22, 2026, crypto capital markets giant GSR officially launched its first digital asset exchange-traded fund—the Crypto Core3 ETF (NASDAQ: BESO). This ETF not only combines Bitcoin, Ethereum, and Solana—the three largest crypto assets by market cap—but also pioneers the integration of staking yields into the fund structure, making it the first actively managed multi-asset crypto ETF in the United States to offer staking capabilities.

For investors looking to gain diversified crypto exposure through traditional brokerage accounts while capturing on-chain yields, BESO presents an unprecedented investment option.

Core Features of BESO ETF

Three Assets, One Fund

BESO's "Core3" strategy positions three crypto assets in distinct investment roles:

• Bitcoin (BTC): Digital store of value, often called "digital gold"
• Ethereum (ETH): Core platform for tokenization and smart contracts
• Solana (SOL): High-performance DeFi and application infrastructure

This diversified allocation allows investors to avoid the difficult choice of "which coin is better" by gaining exposure to all three major ecosystems simultaneously.

Active Management with Weekly Rebalancing

Unlike passive ETFs that track a single asset's price (such as BlackRock's IBIT or Fidelity's FBTC), BESO is an actively managed fund with the following characteristics:

Andy Baehr, Managing Director of Asset Management at GSR, stated: "Core3 answers the three questions every crypto investor faces: what to own, how to earn yield while you hold, and how to be positioned as markets evolve."

Integrated Staking Yields

BESO's biggest innovation lies in its integrated staking capabilities. The ETH and SOL held by the fund are staked to generate additional on-chain yields, which automatically accumulate into the fund's net asset value.

Based on current market conditions:

• Ethereum staking APY: Approximately 3.5%–4.5%
• Solana staking APY: Approximately 6%–8%

This means that beyond potential gains from asset price appreciation, investors can also share in "dividend-like" returns from staking.

How to Invest in BESO

Trading Information

• Ticker Symbol: BESO
• Exchange: NASDAQ
• Launch Date: April 22, 2026
• Management Fee: 1.00%
• Investment Adviser: Framework Digital Advisors
• Issuer: GSR

Who is BESO Suitable For?

BESO may be appropriate for the following investors:

1. Diversification seekers: Those who don't want to bet on a single coin but want exposure to all three largest crypto assets
2. Long-term holders seeking passive income: Staking yields generate additional returns during the holding period
3. Traditional account users: Access crypto through brokerage accounts without managing wallets or private keys
4. Active management believers: Willing to pay higher fees for professional allocation adjustments

BESO vs Other Crypto ETFs

Several crypto ETF options are already available in the market. Here's how BESO compares to major competitors:

While BESO's 1% management fee is higher than pure Bitcoin ETFs, considering the multi-asset allocation, active management, and staking yields, it remains attractive for investors seeking an all-in-one crypto investment solution.

Market Context and Timing

GSR's timing for launching BESO reflects several market considerations:

Continued Institutional Inflows

According to the latest data, Bitcoin ETFs recorded $238 million in net inflows on April 21, marking five consecutive trading days of positive fund flows. Institutional interest in crypto assets continues to grow.

Price Recovery

As of publication:

• Bitcoin: Around $79,130, up nearly 11% month-over-month
• Ethereum: Around $2,400, up 10% month-over-month
• Solana: Around $88, down 3.1% month-over-month

All three major assets have rebounded significantly from year-to-date lows but remain well below all-time highs, presenting potential entry opportunities.

Improving Regulatory Environment

As the SEC's stance on crypto ETFs becomes clearer, more innovative products are receiving approval for listing. BESO's successful launch also paves the way for more staking-enabled ETFs in the future.

Staking Risks Explained

Before investing in BESO, it's essential to understand the specific risks associated with staking:

1. Slashing Risk

When validator nodes commit violations such as double-signing or extended downtime, staked assets may be partially confiscated. BESO selects reputable validators to minimize this risk, but it cannot be entirely eliminated.

2. Liquidity Risk

Staked ETH requires an unstaking process (currently taking several days) during which it cannot be freely traded. During periods of extreme market volatility, this could impact the fund's liquidity management.

3. Smart Contract Risk

Staking involves interaction with blockchain smart contracts. Contract vulnerabilities can lead to asset losses, as demonstrated by the recent Kelp DAO attack that resulted in nearly $300 million in losses.

4. Regulatory Uncertainty

Tax treatment and regulatory classification of staking yields remain uncertain across various jurisdictions.

How to Get Started

If you decide to invest in BESO, here are the basic steps:

1. Open a Brokerage Account: Choose a broker that supports US stock trading (such as TD Ameritrade, Charles Schwab, Interactive Brokers, etc.)
2. Complete Identity Verification: Follow your broker's KYC requirements
3. Fund Your Account: Deposit funds into your brokerage account
4. Search for BESO: Look up ticker symbol "BESO" in the trading interface
5. Place Your Order: Enter the number of shares or dollar amount you wish to purchase and submit

Conclusion: The Significance of BESO

The launch of GSR's Crypto Core3 ETF (BESO) marks an important evolution in the crypto ETF market:

• From single assets to diversified portfolios: One fund provides exposure to three major crypto assets
• From passive tracking to active management: Professional teams adjust allocations based on market signals
• From pure price exposure to yield-generating products: Staking yields create additional returns for investors

For those bullish on crypto's long-term prospects but unwilling to manage wallets and staking operations themselves, BESO offers a convenient solution. However, the 1% management fee and staking-related risks should be factored into investment decisions.

GSR CEO Xin Song summarized: "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."

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This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry high risks. Please conduct thorough research and consult professional advisors before investing.