Solana is now GSR’s largest allocation.

GSR said its Core3 model portfolio increased its allocation to Solana to 43.7%, while cutting its Ether holdings to 39.5% and Bitcoin slightly to 16.9%.

The change came as crypto markets stayed “constructive” over the past week, according to the trading firm.

GSR Leans Toward Solana

In its update, GSR noted that trading remained relatively calm, and that the move aligns with Solana’s stronger near-term price momentum. However, the asset’s trading volume has weakened over both the seven-day and 30-day periods. Ether still posted the strongest 30-day return of 6.4%, even after its portfolio weight was reduced. Meanwhile,…