Solana lands in new ETF
What happened
- GSR launched the Crypto Core3 ETF (BESO), an actively managed U.S. crypto ETF that includes Bitcoin, Ethereum and Solana. - The fund is presented as the first multi-asset American crypto ETF spanning those three assets. - Including Solana in an institutional ETF reinforces its place in allocators’ baskets rather than only high-beta retail trades. (benzinga.com).
Why it matters
GSR has launched BESO, a U.S.-listed crypto exchange-traded fund that bundles Bitcoin, Ether and Solana into one Nasdaq ticker. (nasdaqtrader.com) Nasdaq said the GSR Crypto Core3 ETF was set to begin trading on April 22, 2026 under the symbol BESO. The fund seeks capital appreciation and current income, and it is advised by Framework Digital Advisors LLC. (nasdaqtrader.com) An exchange-traded fund is a stock-market wrapper: investors buy one share and get exposure to a basket of assets without opening separate crypto accounts. In BESO’s case, the basket is three tokens that the filing calls “core” crypto currencies — Bitcoin, Ethereum and Solana. (nasdaqtrader.com) The fund is not a plain index tracker. Nasdaq’s circular says BESO is actively managed, aims to keep about one-third of assets in each token, and can shift those weights over time based on market conditions and liquidity. (nasdaqtrader.com) The structure also reaches beyond the spot-Bitcoin template U.S. investors saw in 2024. Nasdaq’s filing says the fund can stake its Ether and Solana holdings — locking them into their networks to earn protocol rewards — while using a Cayman subsidiary to hold crypto directly. (nasdaqtrader.com) GSR said the product is its first digital-asset exchange-traded fund and described it as the first multi-asset, actively managed U.S. crypto ETF spanning Bitcoin, Ethereum and Solana. Coindesk reported the fund carries a 1% management fee. (markets.businessinsider.com) (coindesk.com) That Solana slot is the part portfolio managers will notice. U.S. crypto exchange-traded funds have largely centered on single-asset Bitcoin products, and BESO puts Solana inside a brokerage-account vehicle alongside the two largest tokens by market value. (coindesk.com) (nasdaqtrader.com) The pitch is convenience, but the risks stay crypto-sized. Nasdaq’s filing says the fund can hold assets directly or through other exchange-traded products, and its returns will still depend on token prices, trading liquidity and the mechanics of staking and custody. (nasdaqtrader.com) For Solana, the launch is less about retail excitement than packaging. A token long treated as a fast-moving trade now has a seat in a U.S. ETF built for the same brokerage screens that already carry Bitcoin and Ether products. (nasdaqtrader.com)
Key numbers
- GSR launched the Crypto Core3 ETF (BESO), an actively managed U.S.
- (nasdaqtrader.com) Nasdaq said the GSR Crypto Core3 ETF was set to begin trading on April 22, 2026 under the symbol BESO.
- Coindesk reported the fund carries a 1% management fee.
What happens next
- (nasdaqtrader.com) Nasdaq said the GSR Crypto Core3 ETF was set to begin trading on April 22, 2026 under the symbol BESO.
- Nasdaq’s circular says BESO is actively managed, aims to keep about one-third of assets in each token, and can shift those weights over time based on market conditions and liquidity.
- (markets.businessinsider.com) (coindesk.com) That Solana slot is the part portfolio managers will notice.
Quick answers
What happened in Solana lands in new ETF?
GSR launched the Crypto Core3 ETF (BESO), an actively managed U.S. crypto ETF that includes Bitcoin, Ethereum and Solana. The fund is presented as the first multi-asset American crypto ETF spanning those three assets. Including Solana in an institutional ETF reinforces its place in allocators’ baskets rather than only high-beta retail trades. (benzinga.com).
Why does Solana lands in new ETF matter?
GSR has launched BESO, a U.S.-listed crypto exchange-traded fund that bundles Bitcoin, Ether and Solana into one Nasdaq ticker. (nasdaqtrader.com) Nasdaq said the GSR Crypto Core3 ETF was set to begin trading on April 22, 2026 under the symbol BESO. The fund seeks capital appreciation and current income, and it is advised by Framework Digital Advisors LLC. (nasdaqtrader.com) An exchange-traded fund is a stock-market wrapper: investors buy one share and get exposure to a basket of assets without opening separate crypto accounts. In BESO’s case, the basket is three tokens that the filing calls “core” crypto currencies — Bitcoin, Ethereum and Solana. (nasdaqtrader.com) The fund is not a plain index tracker. Nasdaq’s circular says BESO is actively managed, aims to keep about one-third of assets in each token, and can shift those weights over time based on market conditions and liquidity. (nasdaqtrader.com) The structure also reaches beyond the spot-Bitcoin template U.S. investors saw in 2024. Nasdaq’s filing says the fund can stake its Ether and Solana holdings — locking them into their networks to earn protocol rewards — while using a Cayman subsidiary to hold crypto directly. (nasdaqtrader.com) GSR said the product is its first digital-asset exchange-traded fund and described it as the first multi-asset, actively managed U.S. crypto ETF spanning Bitcoin, Ethereum and Solana. Coindesk reported the fund carries a 1% management fee. (markets.businessinsider.com) (coindesk.com) That Solana slot is the part portfolio managers will notice. U.S. crypto exchange-traded funds have largely centered on single-asset Bitcoin products, and BESO puts Solana inside a brokerage-account vehicle alongside the two largest tokens by market value. (coindesk.com) (nasdaqtrader.com) The pitch is convenience, but the risks stay crypto-sized. Nasdaq’s filing says the fund can hold assets directly or through other exchange-traded products, and its returns will still depend on token prices, trading liquidity and the mechanics of staking and custody. (nasdaqtrader.com) For Solana, the launch is less about retail excitement than packaging. A token long treated as a fast-moving trade now has a seat in a U.S. ETF built for the same brokerage screens that already carry Bitcoin and Ether products. (nasdaqtrader.com)
