GSR has launched its first exchange-traded fund (ETF), the GSR Crypto Core3 ETF, listed on Nasdaq under the ticker BESO. This ETF provides exposure to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), and distinguishes itself by allowing staking yields on its holdings. The management fee for the ETF is set at 1.00%. GSR's CEO, Xin Song, emphasized the company's decade-long experience in building efficient crypto markets, stating that the Core3 ETF aims to bridge their expertise with the needs of both institutional and retail investors. The launch of BESO comes amid increasing competition in the crypto ETF space, highlighted by the recent success of Morgan Stanley's Bitcoin ETF, which has seen significant inflows since its debut.