Solana Surges Past Ethereum as Largest Holding in GSR Core3 Model

Solana has surged to become the largest holding in GSR's Core3 model portfolio, displacing Ether. This significant shift is driven by Solana's stronger short-term price momentum, according to GSR's proprietary relative alpha signals.

The August 12 rebalance saw Solana's allocation rise to 43.6%, up 7.1 percentage points from the previous week, while Bitcoin's weighting fell to a record low of 16.9%. Ether's share also declined, dropping to 39.5% from 44.1%.

GSR notes that its Core3 model is designed for institutional investors and should not be taken as direct investment advice. The firm's own trading positions may differ from the views expressed in the commentary.