GSR Model Portfolio Tanks 57% Amid Crypto Bloodbath

GSR's Core3 model portfolio has taken a significant hit in 2026, plummeting by 57.78% over the past year.

The portfolio's losses far exceed those of a simple equal-weight basket holding Bitcoin, Ether, and Solana, which dropped 49.84% during the same period.

The model's heavily concentrated position in higher-volatility assets like Ether (44.1%) and Solana (36.5%), with Bitcoin making up just 19.3%, amplified losses when the market downturned.

Solana, which has dropped by a staggering 40.21% year-to-date, is particularly vulnerable to risk appetite shifts due to its higher beta and sensitivity to market conditions.