GSR shifts Core3 model toward Bitcoin as Solana endures steep losses GSR nudged up Bitcoin’s allocation in its Core3 model portfolio on Aug. 5 as trading activity slowed and volatility eased across Bitcoin, Ether and Solana — a quiet market backdrop the firm reads as lacking a clear directional trend. New weights in the weekly Core3 model were: Ether 44.1%, Solana 36.5% and Bitcoin 19.3% (allocations sum to 99.9% because of rounding). The change increased BTC’s share materially from mid-July: on July 15 the model held 53.1% in Ether, 37.6% in Solana and just 9.2% in Bitcoin. In other words, Bitcoin’s weight rose roughly 10.1 percentage points by Aug. 5 while Ether’s allocation fell about nine points. Key performance and volatility takeaways - Year-to-date (2026): BTC -24.82%, ETH -35.49%, SOL -40.21% — Bitcoin has been the relative outperformer among the three. - One-year: BTC -47.08%, ETH -44.73%, SOL -54.89%. - Last 30 days: ETH +5.16%, BTC +1.26%, SOL -9.64%. - Last week: SOL +1.86% (best weekly performer), BTC +1.19%, ETH -0.54%. - 30-day volatility: SOL 37.39%, ETH 41.69%, BTC 29.89%. SOL’s 60-day volatility remains elevated at 54.92%, indicating recent calm followed a more turbulent period. Why GSR shifted allocations GSR said the move to raise Bitcoin and trim Ether reflects its proprietary quantitative signals — not simply recent price action. With subdued price swings, lower volumes and declining volatility, the model favored relatively stronger forward-looking opportunities outside ETH despite Ether’s best 30-day return. GSR emphasized these are model-driven allocations that can change quickly as prices, volume and volatility evolve. How the model is faring vs a passive basket - Core3 portfolio returns: YTD -37.86%, 1 year -57.78%. - A simple equal-weighted BTC/ETH/SOL basket: YTD -33.99%, 1 year -49.84%. Core3 trailed the equally weighted basket by 3.87 percentage points in 2026 and by 7.94 points over one year — a result of the model’s larger exposure to ETH and SOL while those assets underperformed BTC. Solana’s struggle and context Solana’s 40.21% YTD drop was the steepest among the Core3 assets. SOL has been pressured by whale selling, weaker DeFi activity and liquidations, pushing prices toward support near $60 at times. Though planned network upgrades bolster Solana’s long-term development thesis, they haven’t prevented sharp token losses. The broader mid‑2026 picture also showed weakness outside BTC/ETH: the crypto market excluding Bitcoin and Ether fell almost 23% in H1 2026 even as some networks recorded solid usage. Caveats investors should note GSR stresses these published allocations are model outputs and hypothetical: they exclude transaction and management fees, staking rewards, and are not investment advice. The firm may trade for its own account, take differing positions, and sponsor products using related methods. Allocations reflect a proprietary framework and are not neutral market forecasts — past model positions and returns do not guarantee future results. What to watch next GSR’s next weekly allocation will reveal whether the model keeps shifting toward Bitcoin or reverses course. Trading volume, relative momentum and further volatility changes will remain the main inputs driving allocation updates.
GSR Shifts Core3 Model Toward Bitcoin Amid Solana's 40% YTD Drop
ChainGPTShare
Summary
Bitcoin news broke on August 5 as GSR boosted Bitcoin’s share in its Core3 model to 19.3%, up from 9.2% in mid-July. The firm cut allocations for Ether and Solana, which has dropped 40.21% year-to-date. The shift aligns with current fear and greed index readings and weaker altcoin performance. Core3 underperformed a balanced BTC/ETH/SOL basket in 2026 and over one year. GSR stressed that the changes are model-driven, not investment advice.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.