GSR Portfolio Down 58% as Bitcoin Outshines Ethereum and Solana

Crypto market maker GSR has released its latest performance update for its Crypto Core3 model portfolio, showing that even professionally managed portfolios have struggled in 2026. The portfolio returned -57.78% over the past year, underperforming an equal-weight portfolio of Bitcoin, Ethereum, and Solana, which fell 49.84% during the same period.

The latest rebalance increased Bitcoin exposure while reducing Ethereum allocation as trading activity slowed and market volatility eased. Bitcoin remains the strongest performer among the three assets this year, down 24.82% year-to-date and 47.08% over the past year.

Ethereum is still the portfolio's largest holding at 44.1%, but it has posted the strongest monthly gain, rising 5.16% over the last 30 days. Solana accounts for 36.5% of the portfolio and has posted the largest decline among the three assets, falling 40.21% year-to-date and 54.89% over the past year.