GSR's Core3 portfolio model raised Solana's allocation to 43.6%, making it the largest holding, while reducing Bitcoin to 16.9% and Ethereum to 39.5%. This shift reflects Solana's stronger short-term momentum, as it gained 2.98% over the week compared to Bitcoin's 1.02% loss and Ethereum's 0.20% decline. The rebalancing coincides with new U.S. investment products for Solana, including Morgan Stanley's Solana Trust and 21Shares' fee reduction on its Solana product. Despite recent gains, the Core3 model remains down year-to-date, but outperforms an equal-weighted benchmark in the short term.
The U.S. Consumer Price Index (CPI) for August rose 3.4% year-over-year, matching expectations, with core CPI at its lowest since 2021. This inflation data led to a Bitcoin price rebound above $78,000, alongside gains in Ethereum and Solana. Despite ...
On September 8, XRP spot ETFs attracted approximately $1.55 million in net inflows, making it the only cryptocurrency ETF to record daily gains. In contrast, ETFs for Bitcoin, Ethereum, Solana, and Hyperliquid experienced net withdrawals on the same ...
Bitcoin is trading close to $79,000 following August's Producer Price Index (PPI) data, which slightly exceeded expectations due to rising energy costs. Despite a small dip, Bitcoin rebounded toward $80,000 as investors balanced inflation concerns wi...
Bitcoin dropped nearly 2% below $77,000 after U.S. Producer Price Index data showed a 5.4% year-over-year increase, slightly above expectations. This fueled market bets on a 74% chance of a Federal Reserve rate hike in mid-September. Other cryptocurr...
Solana's real-world asset ecosystem has grown rapidly, surpassing 400,000 unique holders from under 10,000 in January 2025, signaling mainstream adoption. The SOL token trades around $102, showing a 33% gain over the past month but faces critical res...
