GSR raises SOL weighting in portfolio, cuts BTC and ETH

Crypto market maker GSR increased SOL’s weight to 43.7% in its in-house model portfolio of BTC, ETH and SOL, while reducing ETH to 39.5% and BTC to 16.9%. GSR said SOL’s weighting was raised as its relative upside signals recently strengthened. GSR added SOL has also shown stronger short-term price action, although trading volume over the past seven and 30 days has declined. ETH’s weighting was reduced, but its 30-day return was still the highest among the three assets, according to GSR. BTC kept the smallest weighting as it has recently underperformed ETH and SOL, while longer-term trading activity has remained weak, GSR said. The market maker added all three assets are showing unusually low volatility, with narrow trading ranges persisting.