GSR Overhauls Core3 Model as Solana Allocation Hits 43.6%

The latest allocation marks a significant departure from the August 5 breakdown, where Solana held 36.5% of the portfolio. In the span of seven days, Solana gained 7.1 percentage points, while Ether fell to 39.5% and Bitcoin dropped to a model low of 16.9%. GSR attributed the move to proprietary alpha signals, noting that Solana has demonstrated stronger near-term price momentum despite softer trading volumes over the 30-day window.

While the Core3 model outperformed an equal-weight basket with a 5.30% monthly return, it continues to face a challenging year, down 35.58% year-to-date. GSR emphasizes that these figures represent a hypothetical model framework for professional investors rather than a live trading strategy. The firm maintains that its internal positions may diverge from the model’s stated weights.

This portfolio reshuffling occurs as institutional access to the asset class widens. Morgan Stanley recently launched the MSOL trust on NYSE Arca, providing investors with a regulated route to Solana exposure that includes potential staking rewards. As competition among U.S. exchange-traded products heats up—evidenced by 21Shares waiving sponsor fees on its own Solana vehicle—market participants are closely monitoring whether GSR’s aggressive overweight stance on SOL will stabilize or prove to be a fleeting tactical adjustment.