Crypto market maker GSR adjusted its Core3 model portfolio on August 5, 2026, increasing its Bitcoin allocation to 19.3% and cutting Ether to 44.1% amid slowing trading volumes and easing volatility. The defensive rebalancing follows a steep market downturn where Solana and Ether fell 40.21% and 35.49% year to date, respectively. These sharp declines caused the Core3 portfolio to lose 57.78% over the past year, trailing an equally weighted basket of its constituent assets by 7.94 percentage points.
GSR Core3 portfolio performance
- ▪The GSR Core3 model portfolio recorded a one-year return of -57.78% as of August 5, 2026, trailing an equally weighted basket of its constituent assets by 7.94 percentage points.
Crypto market decline
- ▪Tether's market capitalization contracted by $4 billion over a 60-day period leading up to August 5, 2026, signaling capital outflows from the cryptocurrency market.
- ▪Over a one-year period ending August 5, 2026, Bitcoin fell 47.08%, Ether fell 44.73%, and Solana fell 54.89%.
- ▪As of August 5, 2026, Bitcoin declined 24.82% year to date, Ether fell 35.49%, and Solana dropped 40.21%.
Portfolio rebalancing strategy
- ▪GSR increased the Core3 model portfolio's Bitcoin allocation by 10.1 percentage points and reduced its Ether allocation by 9.0 percentage points compared to its July 15, 2026 allocation.
- ▪GSR attributed its portfolio rebalancing to proprietary quantitative signals amid slowing trading activity and easing volatility across Bitcoin, Ether, and Solana.
- ▪On August 5, 2026, GSR adjusted its Core3 model portfolio allocation to 44.1% Ether, 36.5% Solana, and 19.3% Bitcoin.
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