GSR lifts Bitcoin weight as SOL falls over 40%

GSR’s latest Core3 model portfolio increased Bitcoin’s weighting to 19.3% on Aug. 5 as crypto trading activity slowed and volatility eased across Bitcoin, Ether and Solana. The move came alongside a cut in Ether exposure, while Solana remained the largest allocation at 36.5%. Despite the shift, Bitcoin remained the strongest of the three assets in 2026, down 24.82% year to date versus Ether’s 35.49% decline and Solana’s 40.21% drop. Over the past year, all three were deeply negative, with Solana the weakest at -54.89%. GSR said the allocation change was driven by proprietary quantitative signals, not just recent price performance, and reflected a quieter market with limited directional conviction. The model’s performance still lagged an equal-weight BTC/ETH/SOL basket, highlighting how heavier exposure to weaker assets hurt returns. The article suggests traders will watch whether GSR continues rotating toward Bitcoin if volatility and volume remain subdued.