BroadChain, April 23, 23:16, according to CryptoNews, GSR Markets has launched the BESO ETF on Nasdaq, the first actively managed multi-asset crypto fund in the US, holding BTC, ETH, and SOL with built-in staking yields, an annual fee of 1%, weekly rebalancing, and ETH staking annualized at 3.3%-4.0% directly distributed to shareholders.
This product differentiates itself from BlackRock's IBIT (AUM $54 billion) and Bitwise's BAVA (AVAX staking annualized at 5.4%). ETH spot ETFs saw a net inflow of $206 million over three days this week, marking the strongest weekly performance since listing, with cumulative net inflows approaching $12 billion. ETH network transaction volume surged 41% week-over-week.
ETH is currently consolidating in the $2,200-$2,400 support range, with $2,400 as a key pivot point. Exchange supply is declining, staking withdrawals are creating a structural supply squeeze, and institutions continue to accumulate on dips. If ETF demand persists over the next 72 hours, ETH could break through the $2,400 resistance, opening upward space toward $2,500.
TD Cowen has a target price of $3,650, while Standard Chartered, based on institutional inflow logic, sets a target price of $7,500.