GSR's Core3 model portfolio increased Solana allocation to 43.6% (top position), reduced Bitcoin to 16.9%, citing shifted alpha signals toward SOL.
Macro & Markets ·
GSR's Core3 model portfolio has elevated Solana to its largest holding at 43.6%, while reducing Bitcoin to 16.9% and maintaining Ether at 39.5%, reflecting a reallocation driven by shifted relative alpha signals toward SOL. The repositioning comes as Solana has gained 2.98% over the past week, outpacing Bitcoin and Ether on that timeframe, though Ether showed stronger performance over a 30-day period with a 7.88% gain.
The rebalancing signals a shift in the model's quantitative assessment of risk-adjusted return potential across the three assets. GSR's Core3 serves as a reference portfolio, and moves of this magnitude suggest material changes in the model's scoring of each asset's forward-looking alpha. The mechanics behind the alpha calculation remain proprietary.
It is unclear whether this positioning reflects broader institutional sentiment or is specific to GSR's methodology, and whether the allocation will persist if Solana's relative performance reverses.