GSR’s Crypto Core3 model returned -57.78% over the past year through August 5, 2026, underperforming an equal-weight Bitcoin/Ethereum/Solana basket which fell 49.84%, and the firm rebalanced to ETH 44.1%, SOL 36.5% and BTC 19.3% while modestly increasing Bitcoin exposure. Bitcoin was the strongest performer (YTD -24.82%, 1-year -47.08%, 30-day +1.26%, 30-day vol 29.89%), Ethereum posted the best monthly gain (30-day +5.16%, YTD -35.49%), and Solana lagged (30-day -9.64%, YTD -40.21%) though analysts point to potential catalysts for SOL including governance token burns, BlackRock tokenized fund filings and ETF inflows; GSR cited subdued volumes and easing volatility, underscoring downside risk for short-term crypto adoption and price recovery.

Bearish

Predictions Markets

See what traders are focused on

View analytics →

Crypto market maker GSR has released the latest performance update for its Crypto Core3 model portfolio, showing that even professionally managed crypto portfolios have struggled in 2026. Over the past year, the portfolio returned -57.78%, underperforming an equal-weight portfolio of Bitcoin, Ethereum, and Solana, which fell 49.84% during the same period.

Latest Portfolio Allocation

As of August 5, GSR’s Core3 portfolio consists of:

Ethereum: 44.1%
Solana: 36.5%
Bitcoin: 19.3%

The latest rebalance increased Bitcoin exposure while reducing Ethereum allocation as trading activity slowed and market volatility eased.

Bitcoin Remains the Strongest Performer

Bitcoin has been the strongest performer among the three assets this year. It is down 24.82% year-to-date and 47.08% over the past year.

Over the last 30 days, Bitcoin gained 1.26%. Its 30-day volatility stood at 29.89%, the lowest among the three assets.

Ethereum Still Holds the Largest Weight

Despite the rebalance, Ethereum remains the portfolio’s largest holding at 44.1%.

ETH is down 35.49% year-to-date and 44.73% over the past year. However, it posted the strongest monthly gain, rising 5.16% over the last 30 days. Its 30-day volatility is 41.69%.

Solana Holds a Steady Allocation

Midweek #SOLANA Lookout for august:

Solana is stuck below $75. After hitting a July high of $83, it’s now trading around $73, and while retail traders are frustrated and selling, three major developments are unfolding that most people are missing.cryptonews+2

Three things…
— 𝕀 𝔸𝕄 𝔻𝔼𝔾𝔼ℕ 𝕃𝔸𝔹𝕊 (@IamDegenLabs) August 5, 2026

Solana accounts for 36.5% of the portfolio.

SOL has posted the largest decline among the three assets, falling 40.21% year-to-date and 54.89% over the past year. It also dropped 9.64% over the last 30 days.

GSR said Solana’s lower volatility and stable price movement supported its relatively large allocation in the portfolio.

Outside GSR’s report, market analyst IamDegenLabs said several developments could improve Solana’s outlook in the coming weeks.

The analyst pointed to governance proposals that aim to increase token burns and reduce inflation, BlackRock’s filing to launch tokenized fund shares on Solana, more than 1 billion weekly network transactions, and continued ETF inflows.

According to the analyst, $75 is the key resistance level. A move above it could push SOL toward $78-$80, while a drop below $70.70 could send the price to the $66-$68 range.

GSR Adjusts to a Slower Market

According to GSR, crypto markets remained subdued over the past week, with lower trading volumes, smaller price swings, and easing volatility.

The firm responded by adopting a more balanced allocation while modestly increasing its Bitcoin exposure.

The latest update shows Bitcoin has outperformed Ethereum and Solana during the current market cycle. However, all three assets remain well below their levels from a year ago, highlighting the broader downturn across the crypto market.

Read the article at Coinpedia