GSR Favors Solana Over Bitcoin and Ether in Core3 Model

GSR, a prominent crypto research and trading firm, has updated its Core3 model to favor Solana over Bitcoin and Ether. The update on August 12 saw Solana's allocation rise to 43.6%, making it the largest holding in the model.

This shift is based on proprietary signals rather than just recent returns, despite Solana's strong near-term price momentum. Over the past seven days, SOL gained 2.98%, outperforming BTC and ETH.

While Ether leads 30-day returns with a 7.88% gain, GSR's model favors Solana based on its proprietary signals rather than just recent performance. The update coincides with expanded U.S. exchange-traded product access to Solana, though GSR cautions that Core3 is a model framework and not investment advice.

GSR reminds investors that allocations may change rapidly in the model, so it's essential to monitor updates closely.