In 2026, ETFs have become more popular not only in the cryptocurrency space but also in the traditional market. Cryptocurrency capital markets GSR is the latest entrant into this race, launching its first exchange-traded fund (ETF).
With a new Nasdaq-listed ETF under the ticker BESO, the GSR Crypto Core3 ETF plans to provide exposure to Bitcoin [BTC]Ethereum [ETH]and Solana [SOL].
Why does the GSR ETF look different from other ETFs?
The ETF plans to allow staking returns, where BESO will stake some of its cryptocurrency holdings, such as proof-of-stake assets, for a 1.00% management fee.
This basket of ETFs offers a dynamic allocation strategy where the ETFs rebalance their assets. GSR explained the rationale behind the launch of the ETF:
We built this ETF product to bridge our experience in the global crypto markets with the needs and interests of both institutional and retail investors.
Adding to the sentiment, GSR CEO Xin Song said: said,
GSR has spent more than a decade building efficient crypto markets, and with Core3 we extend that expertise into a product accessible to a broader range of investors.
The competition is fierce
This follows the traditional market entering the crypto ETF space. The Morgan Stanley Bitcoin ETF (MSBT), which went live on April 8, has been experiencing inflows ever since.
According to Fariside Investors, there were days when previous crypto ETFs such as Grayscale’s GBTC saw outflows, but MSBT saw inflows.
In just two weeks, MSBT has recorded inflows worth $163 million. At the same time, both the Bitcoin and Ethereum ETF markets are also experiencing inflows. While the SOL and XRP ETFs have seen a few days of zero flows this week.
But despite the outflows from its BTC ETF, Grayscale is broadening its horizons, as it recently filed an updated registration statement with the US SEC to launch a Bittensor-based investment product.
Final summary
- GSR Crypto Core3 ETF goes live offering multiple assets through a single product with a 1.00% management fee on wagering rewards.
- BESO joins the list of other spot Bitcoin ETFs and Morgan Stanley’s Bitcoin ETF (MSBT) in showing an increase in competition in the ETF space.