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Home » GSR Launces ETH ETF to Rival BlackRock and Bitwise
GSR Launces ETH ETF to Rival BlackRock and Bitwise

GSR Launces ETH ETF to Rival BlackRock and Bitwise

April 23, 20264 Mins ReadNo Comments Crypto News
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Ahmed Barakat

GSR Launces ETH ETF to Rival BlackRock and Bitwise

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Ahmed BarakatVerified

Part of the Team Since

Aug 2025

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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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CryptoNews Editorial TeamVerified

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

Last updated: 

April 23, 2026

Ethereum price is slightly pumping as institutional infrastructure around ETH continues to expand at a pace building bullish prediction. GSR Markets just launched the BESO ETF on Nasdaq, the first US-listed crypto fund to actively manage a multi-asset basket

Ethereum price is slightly pumping as institutional infrastructure around ETH continues to expand at a pace building bullish prediction. GSR Markets just launched the BESO ETF on Nasdaq, the first US-listed crypto fund to actively manage a multi-asset basket of BTC, ETH, and SOL with built-in staking yields. It’s a product category that did not exist a week ago.

BESO charges a 1% annual fee, rebalances weekly, and passes through protocol-level staking yield from ETH with 3.3–4.0% APY directly to shareholders. That stacks it against BlackRock’s IBIT with $54 billion AUM, and Bitwise’s BAVA, which offers concentrated AVAX exposure at 5.4% staking APY.

Three different bets on where crypto belongs in a portfolio. Spot Ethereum ETFs logged $206 million in net inflows for 3 days this week the strongest weekly figure since launch, with the week still has 2 more days of open trading day. This has also pushing cumulative inflows close to $12 billion. ETH network transactions also surged 41% week-over-week as the macro setup tightens.

Ethereum price is slightly pumping as institutional infrastructure around ETH continues to expand at a pace building bullish prediction.
ETH ETFs Flows, Coinglass

Discover: The best pre-launch token sales

Ethereum Price Prediction: $7,500?

ETH is consolidating within a $2,200–$2,400 support zone that has been tested multiple times, especially at $2,400, which now serves as the critical pivot. The Fear & Greed Index has remained stable since yesterday at 33 (Fear), with 5% 30-day volatility and 17 of the last 30 days closing green.

The April 17 surge to $2,440 on heavy ETF inflow volume established a near-term ceiling that the price has since struggled to reclaim. Exchange supply is dropping as staking pulls assets off-market, a structural supply squeeze that historically precedes directional moves. Institutional accumulation continues in size, with smart money adding on dips. Why ETH?

🎙️ New @Edge_Pod

📈 The $250k ETH Thesis: Why Wall Street Is Betting ETH Beats Gold and Bitcoin

0:00 – Intro
3:06 – Background on Wall Street
5:18 – ETH is better money than BTC or gold
10:03 – What is productive money?
12:15 – Wall Street buys ETH as productive money
16:02 -… pic.twitter.com/3Et0Kn26S4

— DeFi Dad ⟠ defidad.eth (@DeFi_Dad) April 22, 2026

With sustained ETF demand over the next 72 hours, ETH could push through $2,400 resistance, opening a run toward $2,500. Big guys like TD Cowen target $3,650, and Standard Chartered has a $7,500 institutional-flow thesis.

The institutional accumulation thesis carries significant weight heading into the second half of 2026.

Discover: The best crypto to diversify your portfolio with

Maxi Doge Could Be the Next Memecoin to Run on ETH

Let’s get real, ETH memecoins are still the ones that people hold. Solana memecoins have less than 1 minute of holding time on average, according to data. That gap between “solid long-term thesis” and “near-term explosive upside” is exactly where ETH memecoins, especially the ones in early-stage presales, operate.

Maxi Doge ($MAXI) is a meme token built on Ethereum (ERC-20) with a concept that is almost offensively on-brand for the current market: a 240-lb canine juggernaut embodying 1000x leverage trading mentality.

The tagline “never skip leg day, never skip a pump” is absurd in the best possible way. The presale has raised $4.7 million at a current price of $0.0002814, with 60% APY staking already live. Features include Holder-Only Trading Competitions with leaderboard rewards and a Maxi Fund treasury earmarked for liquidity and partnerships.

Meme-first marketing with viral gym-bro humor is the distribution engine.

Research Maxi Doge before presale closes.


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