GSR Launches BESO ETF on Nasdaq: A New Era for Crypto Yield

GSR debuts the BESO ETF on Nasdaq, combining Bitcoin, Ethereum, and Solana exposure with active staking to generate yield for institutional investors.

The product, trading under the ticker BESO, began trading on Nasdaq today, marking the start of a new class of ETFs that combine price exposure with yield from blockchain networks.

Developed in collaboration with Framework Digital Advisors, the fund offers exposure to three leading crypto assets—Bitcoin, Ethereum, and Solana—while integrating staking mechanisms to generate additional yield. Jane Street Capital has been designated as the lead market maker to ensure liquidity during the early stages of trading.

ETF Exposure Meets Native Yield

BESO distinguishes itself from existing spot ETFs by moving beyond passive tracking of asset prices. Instead, the fund integrates staking—a process where crypto assets are locked to support blockchain networks—to generate yield.

The prospectus highlights potential risks, including “slashing” (penalties for validator errors), technical issues, and liquidity constraints during asset lock-up periods.

Active Management vs. Passive Giants

The fund’s strategy, dubbed “Core3,” relies on a combination of macro and technological factors. Bitcoin is viewed as a digital store of value, while Ethereum and Solana are positioned as the primary engines for tokenization and the DeFi ecosystem.

Unlike products such as BlackRock’s IBIT, BESO employs weekly rebalancing. This allows for dynamic redistribution between the three assets based on prevailing market signals.

Competition and Security Focus

The debut of BESO arrives during a period of intensifying competition in the crypto ETF space. Products like the iShares Ethereum Trust and ETHB are already experimenting with staking, though they remain focused on single assets.

Analysts note that a significant portion of these instruments is already held by institutional investors, suggesting a trend toward long-term capital stability.

The fund’s launch follows a period of heightened risk in the DeFi sector, including several high-profile hacks in April. In this context, GSR emphasizes its expertise in liquidity and risk management as a key competitive advantage.

The company relies on a combination of institutional infrastructure and controlled staking processes to minimize exposure to operational vulnerabilities.

A Turning Point for the Crypto ETF Market

With a fee of approximately 1% and a hybrid model combining capital growth and yield, BESO sets a new standard for crypto investment products in the United States.

Its launch signals a broader transformation—moving from passive exposure toward more sophisticated, yield-bearing strategies that bring crypto assets closer to traditional investment classes.

For investors, this represents a shift in the market: the next phase of crypto ETFs will no longer be just about holding, but about earning from what you hold.