GSR Raises Solana Weight to 43.6% in Model Portfolio, Cuts Bitcoin and Ether

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GSR, a global digital-asset investment firm, has increased Solana's weighting in its model portfolio to more than 40%, making it the portfolio's largest holding.

Wu Blockchain, citing GSR's Core3 model portfolio on Aug. 12, reported that Solana's allocation was raised to 43.6%. Ether's weighting was lowered to 39.5%, while Bitcoin's was cut to 16.9%.

The rebalancing appears to reflect a shift in relative excess-return, or alpha, signals among major cryptocurrencies in Solana's favor.

Solana has gained 2.98% over the past week, outperforming both Bitcoin and Ether. Over the past 30 days, however, Ether rose 7.88%, the best performance among the three assets.