GSR Shifts Portfolios: Solana Surges Past Bitcoin and Ether

GSR has made significant changes to its Core3 model portfolio, signaling a bullish preference for Solana. The firm's allocation to Solana increased to 43.7%, while it reduced its holdings of Ether to 39.5% and Bitcoin to 16.9%. This reallocation comes as crypto markets have remained 'constructive' over the past week.

The changes made by GSR could drive token performance and capital flows away from ETH and BTC, favoring Solana instead. The increased allocation to Solana is a significant move, considering its growing popularity in the market.