GSR Shifts Core3 Portfolio Towards Bitcoin Amid Subdued Market Conditions

GSR, a financial firm, has adjusted its Core3 model portfolio to shift towards Bitcoin. This change comes after market conditions remained subdued during the latest week, with modest price changes and decreased trading activity.

The adjustment is reflected in the new allocation of assets: 44.1% for Ether, 36.5% for Solana, and 19.3% for Bitcoin. This represents a significant change from the July 15 allocation, where Bitcoin's weight was only 9.2%, compared to Ether's 53.1%

Solana has been the worst performer among the three assets, with a year-to-date decline of 40.21%. However, it also produced the best weekly result, rising 1.86%.