CRPT：過度依賴比特幣獲得回報

隨著比特幣（BTC-USD）價格上漲至每枚 10 萬美元以上，以太坊（ETH-USD）重返 4 萬美元以上，人們對數位資產領域的熱情又回來了。

Exchange Traded Funds (ETFs) tracking cryptocurrency miners have surged this year, largely due to the stellar performance of Bitcoin and other digital assets.

追蹤加密貨幣礦工的交易所交易基金（ETF）今年激增，這主要歸功於比特幣和其他數位資產的出色表現。

However, a closer look at the holdings of these ETFs reveals that they are heavily reliant on Bitcoin for generating returns, which could pose a risk to investors seeking broader exposure to the digital asset mining sector. One of the ETFs, the VanEck Digital Assets Mining ETF (NASDAQ:CRPT), allocates nearly 70% of its portfolio to companies that primarily mine Bitcoin.

然而，仔細觀察這些 ETF 的持有情況就會發現，它們嚴重依賴比特幣來產生回報，這可能會給尋求更廣泛地涉足數位資產挖礦行業的投資者帶來風險。 VanEck Digital Assets Mining ETF（NASDAQ：CRPT）是其中的 ETF 之一，將其投資組合的近 70% 分配給主要開採比特幣的公司。

This heavy reliance on Bitcoin could limit the ETF's ability to capture the full potential of the broader digital asset mining industry, which includes companies mining a diverse range of cryptocurrencies beyond Bitcoin. Investors seeking a more comprehensive exposure to the digital asset mining sector may want to consider other ETFs with a broader allocation strategy.

這種對比特幣的嚴重依賴可能會限制 ETF 充分發揮更廣泛的數位資產採礦業潛力的能力，其中包括開採比特幣以外的各種加密貨幣的公司。尋求更全面投資數位資產挖礦行業的投資者可能會考慮其他具有更廣泛配置策略的 ETF。

Here's a breakdown of CRPT's holdings as of December 14th:

以下是截至 12 月 14 日 CRPT 持倉明細：

70.04% of the portfolio is allocated to companies that primarily mine Bitcoin.

投資組合的 70.04% 分配給主要開採比特幣的公司。

19.01% is invested in multi-digital asset mining companies.

19.01%投資於多元資產挖礦公司。

7.04% is allocated to companies that primarily mine Ethereum.

7.04% 分配給主要開採以太坊的公司。

3.91% is invested in digital asset mining hardware manufacturers.

3.91%投資於數位資產挖礦硬體製造商。

0.00% is allocated to other types of companies within the digital asset mining industry.

0.00%分配給數位資產挖礦產業內的其他類型公司。

CRPT's top holdings include Marathon Digital (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT), and Bitfarms (NASDAQ:BITF). These companies, known for their large-scale Bitcoin mining operations, collectively account for over 50% of the ETF's holdings.

CRPT 的主要持股包括 Marathon Digital（納斯達克股票代碼：MARA）、Riot Platforms（納斯達克股票代碼：RIOT）和 Bitfarms（納斯達克股票代碼：BITF）。這些公司以其大規模的比特幣挖礦業務而聞名，合計佔 ETF 持倉量的 50% 以上。

While CRPT provides investors with exposure to the digital asset mining sector, its heavy reliance on Bitcoin may not fully align with the ETF's stated objective of tracking the broad performance of companies in the digital asset mining industry. Investors seeking a broader representation of the sector may want to consider other ETFs with a more diverse allocation strategy.

雖然 CRPT 為投資者提供了數位資產挖礦行業的投資機會，但其對比特幣的嚴重依賴可能並不完全符合 ETF 追蹤數位資產挖礦業公司整體績效的既定目標。尋求更廣泛的行業代表性的投資者可能會考慮其他配置策略更加多樣化的 ETF。