Institutional investors continue to allocate funds to Bitcoin and altcoins but may adjust their portfolios based on market conditions.
Finally, GSR, one of the largest market makers in the cryptocurrency market, made changes to its model portfolio.
GSR recently increased the share of Solana in its portfolio while lowering its ratios relative to Bitcoin and Ethereum.
In GSR's model portfolio, the share of $SOL increased to 43.7%, while the share of $ETH decreased to 39.5%, and the share of $BTC dropped to 16.9%.
The company stated that the increase in the $SOL ratio is due to recently strengthened relative bullish signals. It was also noted that, despite the decrease in the $ETH ratio, it maintained its lead in returns among the three assets over a 30-day period.
GSR stated that the share of $BTC in the portfolio recently fell to its lowest level due to lagging behind $ETH and $SOL and weak long-term trading activity.
"...In the Core3 model portfolio, Solana's share increased to 43.7%, while Ethereum's share decreased to 39.5%, and Bitcoin's share fell to 16.9%. This reflects a shift in relative signals towards Solana."
While this positioning aligns with Solana's stronger short-term price momentum, trading volume has declined over both 7 and 30 days. Ethereum continues to show the highest 30-day returns despite its reduced portfolio share, and the decrease in market volatility indicates a relatively calm trading environment.
Bitcoin still holds the smallest market share as its recent performance lags behind $ETH and Solana, and long-term trading activity also remains low.
The market maker also added that $BTC, $ETH, and $SOL are exhibiting unusually low volatility and that narrow trading ranges persist.
*This is not investment advice.
