Trading firm GSR has reshuffled its Core3 model portfolio, lifting Solana (SOL) to a dominant 43.7% allocation while cutting Ether (ETH) to 39.5% and Bitcoin (BTC) slightly to 16.9%. The update, reported on August 13, 2026, comes as GSR says crypto markets remained “constructive” over the past week, with the rebalance aligning with Solana’s stronger near-term price momentum.
According to GSR, trading activity was relatively calm, though Solana’s trading volume 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, while Bitcoin remains the smallest allocation. GSR’s Crypto Core3 ETF, which trades under the ticker BESO on Nasdaq, carries a 1% management fee and offers active portfolio management and staking rewards on eligible assets. The fund rebalances weekly based on research-driven signals.
The shift is amplified by a separate exercise in which three AI models — ChatGPT, Claude, and Gemini — were given the same market data and asked to pick one crypto that could outperform Bitcoin this cycle. All three selected Solana. At the time, Bitcoin was priced near $63,812.44 with a market cap of $1.28 trillion, 58.5% dominance, and $22.22 billion in daily volume. BTC had fallen 1.6% over seven days, with support around $62,000 and resistance near $67,000. Spot Bitcoin ETFs attracted roughly $865.3 million in inflows over the previous week.
Solana traded at $76.16, gaining about 4% over the same period, with a $44.37 billion market cap and $1.37 billion in daily volume. ChatGPT cited GSR’s 43.6% SOL allocation versus 16.9% for Bitcoin, proposed fee-burning changes, the Alpenglow upgrade, and potential regulated investment products as key catalysts. Claude set a SOL target range of $100–$120, representing 31%–58% upside, while Gemini placed a target at $135, implying about 77.3% upside from $76.16. By comparison, Bitcoin would need a 25.4% gain to reach $80,000.
The main risk flagged across the models was network reliability. An August 13 outage reportedly took 28.83% of staked SOL offline, bringing the network close to the 33.34% finality threshold. Other candidates were considered more cautious: ETH had a larger $228.18 billion market cap, XRP faced a recent bridge exploit and elevated futures positioning, ADA had weaker volume and no immediate Grayscale ETF path, and SUI showed liquidity risk with only $142.93 million in daily volume.
Glassnode’s latest analysis added a broader market caveat, noting Bitcoin is stuck between the Median Realized Price at $63,000 and the Short-Term Holder Cost Basis at $68,700. Spot trading volume has fallen to its lowest level since 2019, though sellers are showing signs of exhaustion. If Bitcoin climbs back above $68,700 on stronger volume and ETF inflows pick up, it would be a positive sign; a failure to rally or a drop below $58,500 could leave the bottom in doubt.
