Solana Overtakes Bitcoin and Ether in GSR’s Latest Crypto Portfolio Shake-Up

Solana is now GSR's largest allocation.

GSR said its Core3 model portfolio increased its allocation to Solana to 43.7%, while cutting its Ether holdings to 39.5% and Bitcoin slightly to 16.9%.

The change came as crypto markets stayed “constructive” over the past week, according to the trading firm.

GSR Leans Toward Solana

In its update, GSR noted that trading remained relatively calm, and that the move aligns with Solana’s stronger near-term price momentum. However, the asset’s trading volume has weakened over both the seven-day and 30-day periods. Ether still posted the strongest 30-day return of 6.4%, even after its portfolio weight was reduced. Meanwhile, Bitcoin remains the smallest allocation.

Longer-term trading activity for the world’s largest crypto has also stayed subdued.

For the uninitiated, GSR launched its first exchange-traded fund in April this year. The Crypto Core3 ETF trades under the ticker BESO on Nasdaq. The fund has a 1% management fee. It also offers active portfolio management and staking rewards on eligible assets. GSR had earlier said the fund actively shifts its allocation across the three assets. It rebalances every week based on research-driven signals designed to pursue additional returns.