GSR Raises Solana Weight to 43.6% in Model Portfolio, Cuts Bitcoin and Ether
Suehyeon Lee
Summary
- GSR's Core3 model portfolio increased Solana (SOL) to 43.6%, making it the largest holding.
- By contrast, Ether (ETH) was reduced to 39.5% and Bitcoin (BTC) was cut to 16.9%.
- The adjustment reflected a shift in relative excess-return, or alpha, signals among major cryptocurrencies in Solana's favor.
Forecast Trend Report by Period
GSR, a global digital-asset investment firm, has increased Solana's weighting in its model portfolio to more than 40%, making it the portfolio's largest holding.
Wu Blockchain, citing GSR's Core3 model portfolio on Aug. 12, reported that Solana's allocation was raised to 43.6%. Ether's weighting was lowered to 39.5%, while Bitcoin's was cut to 16.9%.
The rebalancing appears to reflect a shift in relative excess-return, or alpha, signals among major cryptocurrencies in Solana's favor.
Solana has gained 2.98% over the past week, outperforming both Bitcoin and Ether. Over the past 30 days, however, Ether rose 7.88%, the best performance among the three assets.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.