New York, New York, April 22nd, 2026, Chainwire
Expands asset management offering to issue the first multi-asset, actively managed US crypto ETF across Bitcoin, Ethereum, and Solana
GSR, crypto’s capital markets partner, today launched its first digital asset exchange-traded fund (ETF), the GSR Crypto Core3 ETF (NASDAQ: BESO) (“Core3”). Core3 is the first multi-asset crypto ETF in the U.S., providing both active management and access to staking rewards. GSR will charge a 1.00% management fee.
The launch of Core3 expands GSR’s asset management business, which operates at the intersection of traditional finance and crypto to meet the growing demand for liquid access to digital assets. Framework Digital Advisors will serve as the fund’s investment adviser.
Core3 provides exposure to Bitcoin, Ether, and Solana, providing investors with diversified exposure to crypto’s two dominant themes. Bitcoin is the largest cryptocurrency and has become a widely traded and held macro asset. Ether and Solana are two dominant layer 1 blockchains that support a range of blockchain-based applications, including stablecoins and tokenization.
The fund allocates actively across the three assets and rebalances weekly based on research-driven signals designed to pursue additional returns. The fund may also accumulate staking rewards where applicable.
“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,” said Xin Song, CEO of GSR. “Our ETF strategy reflects our deep understanding of how this asset class is evolving.”
“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,” said Andy Baehr, Managing Director, Asset Management, GSR. “As crypto becomes an increasingly important component of modern portfolios, Core3 provides exposure to the asset class’s primary drivers — Bitcoin’s macro influence and the continued growth and adoption of blockchain technology.”
GSR has built its ETF product from a unique vantage point, bridging its global crypto market experience across trading, liquidity, and risk expertise to build investment products that reach both institutional and retail investors.
The launch of Core3 marks the next step in GSR’s evolution as a full-scope capital markets partner, expanding its asset management platform to deliver investment products and services for both crypto native and traditional investors alike.
About GSR
GSR is crypto’s capital markets partner, delivering market making services, institutional-grade OTC trading, venture backing, and digital asset advisory to founders and institutions. With more than a decade of experience, our integrated platform helps clients navigate token design, go-to-market operations, treasury and risk management, and capital planning. These services are supported by GSR's real-time global market intelligence and access to deep liquidity. Users can visit www.gsr.io for more information, including the General Terms Business, relevant disclosures, and GSR’s trading terms.
About Framework Digital Advisors LLC
Framework Digital Advisors LLC, a Delaware limited liability company organized in 2025 and registered under the Investment Advisers Act of 1940, is the Registered Investment Adviser for the GSR Crypto ETFs, a joint venture between RLH Capital LLC and GSR Strategies LLC.
Disclosures
**Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 888-999-5958 or visit our website at gsretps.io/etf/beso. Read the prospectus or summary prospectus carefully before investing.**
Crypto Currency Risk (Bitcoin (“BTC”), Ether (“ETH”), and Solana (“SOL”) (together, the “Reference Assets”)). The Reference Assets are relatively new innovations and are subject to unique and substantial risks. Crypto currencies are a subset of digital assets, representing blockchain-based tokens that function primarily as mediums of exchange, stores of value, or units of account, whereas digital assets more broadly include any electronically represented asset with economic value, such as tokens, stablecoins, and other distributed-ledger-based instruments.
Digital Assets/Cryptocurrency Market Volatility Risk. The prices of the Reference Assets have historically been highly volatile. The value of the Fund’s exposure to the Reference Assets—and therefore the value of an investment in the Fund—could decline significantly and without warning, including to zero.
Staking and Validator Risk. When the Fund stakes Reference Assets that utilize proof-of-stake consensus (currently, Ethereum and Solana), the assets are subject to risks attendant to staking generally, such as illiquidity, reliance on third-party service providers, slashing, missed rewards, validator problems, and errors.
Liquidity Risk. Unbonding periods for staked Reference Assets may range from several days to several weeks depending on network conditions.
Concentration Risk. The Fund’s assets will be concentrated in the sector or sectors or industry or group of industries that are assigned to the Reference Assets, which will subject the Fund to the risk that economic, political or other conditions that have a negative effect on those sectors and/or industries may negatively impact the Fund to a greater extent than if the Fund’s assets were invested in a wider variety of sectors or industries.
Foreign Securities Risk. To the extent the Fund invests in foreign securities they may be subject to additional risks not typically associated with investments in domestic securities.
Indirect Investment Risk. None of the Reference ETFs or the Reference Assets are affiliated with the Trust, the Adviser, or any affiliates thereof and is not involved with this offering in any way, and has no obligation to consider the Fund in taking any corporate actions that might affect the value of the Fund.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Non-Diversification Risk. Because the Fund is non-diversified, it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
Foreside Fund Services, LLC (the “Distributor”)
Contact
VP of PR
Haley Malanga
GSR
[email protected]