Grayscale 徹底改革加密貨幣控股，放棄 ADA 和 ATOM

全球最大的加密資產管理公司 Grayscale 已重新平衡其基金，從其數位大盤基金中刪除了 Cardano (ADA) 代幣，並從其智慧合約平台 Ex-Ethereum 基金中刪除了 Cosmos (ATOM) 代幣。所得資金用於收購現有基金組成部分，其中比特幣 (BTC) 目前佔數位大盤基金的 70.96%，Solana (SOL) 佔智慧合約平台除以太坊基金的 58.41%。

Grayscale Rebalances Cryptocurrency Holdings, Removing ADA and ATOM

Grayscale 重新平衡加密貨幣持有量，刪除 ADA 和 ATOM

Grayscale Investments, the world's largest crypto-focused asset manager, has announced a quarterly fund rebalancing that has seen the removal of Cardano's (ADA) token from its Grayscale Digital Large Cap Fund (GDLC) and Cosmos' (ATOM) token from its Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE).

全球最大的加密資產管理公司 Grayscale Investments 宣布進行季度基金再平衡，從其 Grayscale Digital Large Cap Fund (GDLC) 中刪除了 Cardano (ADA) 代幣，並從其 Grayscale Smart 中刪除了 Cosmos (ATOM) 代幣合約平台前以太坊基金（GSCPxE）。

GDLC Fund Changes

GDLC 基金變更

With ADA's removal, the GDLC fund's holdings now consist primarily of Bitcoin (BTC), accounting for 70.96% of the fund's assets. Ethereum (ETH) remains the second-largest holding at 21.84%, followed by Solana (SOL) at 4.52%, XRP (XRP) at 1.73%, and Avalanche (AVAX) at 0.95%.

隨著 ADA 的移除，GDLC 基金的持股現在主要由比特幣 (BTC) 組成，佔該基金資產的 70.96%。以太坊 (ETH) 仍然是第二大持股，佔 21.84%，其次是 Solana (SOL)，佔 4.52%，XRP (XRP) 佔 1.73%，Avalanche (AVAX) 佔 0.95%。

GSCPxE Fund Changes

GSCPxE 基金變動

After removing ATOM, the GSCPxE fund's portfolio now comprises:

刪除 ATOM 後，GSCPxE 基金的投資組合現在包括：

• Solana (SOL): 58.41%
• Cardano (ADA): 14.56%
• Avalanche (AVAX): 12.25%
• Polkadot (DOT): 8.53%
• Polygon (MATIC): 6.25%

No Additions or Removals from DeFi Fund

Solana (SOL): 58.41% Cardano (ADA): 14.56% Avalanche (AVAX): 12.25% Polkadot (DOT): 8.53% Polygon (MATIC): 6.25% 沒有從 DeFi 基金中新增或刪除

Grayscale's DeFi Fund, which focuses on decentralized finance (DeFi) assets, has not seen any changes in its holdings. It continues to hold:

灰階旗下專注於去中心化金融（DeFi）資產的 DeFi 基金目前持倉未見任何變動。它繼續保持：

• Uniswap (UNI): 48.74%
• MakerDAO (MKR): 20.41%
• Lido (LDO): 13.17%
• Aave (AAVE): 9.99%
• Synthetix (SNX): 7.69%

Rationale behind Fund Rebalancing

Uniswap (UNI): 48.74%MakerDAO (MKR): 20.41%Lido (LDO): 13.17%Aave (AAVE): 9.99%Synthetix (SNX): 7.69% 基金再平衡背後的理由

Grayscale's fund rebalancing is conducted to optimize portfolio performance and align with market conditions. The proceeds from the sale of ADA and ATOM were used to acquire additional holdings in the remaining fund constituents.

Grayscale 的基金再平衡旨在優化投資組合績效並適應市場狀況。出售 ADA 和 ATOM 的收益用於購買剩餘基金成分的額外持股。

ADA and ATOM Underperform Market

ADA 和 ATOM 表現不佳

It's noteworthy that both ADA and ATOM have underperformed the broader cryptocurrency market year-to-date (YTD). ADA has declined by 8.1% YTD, while ATOM has dropped by 3.3%. In contrast, Bitcoin and Ether, the two largest cryptocurrencies, have gained 59% and 40%, respectively.

值得注意的是，年初至今（YTD），ADA 和 ATOM 的表現均遜於更廣泛的加密貨幣市場。今年以來 ADA 下跌了 8.1%，而 ATOM 則下跌了 3.3%。相比之下，兩種最大的加密貨幣比特幣和以太幣分別上漲了 59% 和 40%。

ADA's price has faced headwinds after falling below the $0.6 psychological level in early April and is currently trading at around $0.58. Its price remains significantly below its all-time high of $3.10 set in September 2021.

ADA 的價格在 4 月初跌破 0.6 美元的心理水準後面臨阻力，目前交易價格約為 0.58 美元。其價格仍遠低於 2021 年 9 月創下的歷史高點 3.10 美元。

ATOM has also underperformed, trading at around $10.8, over 75% below its record high of $44.7 reached in September 2021.

ATOM 的表現也不佳，交易價格約為 10.8 美元，比 2021 年 9 月創下的歷史高點 44.7 美元低了 75% 以上。

Conclusion

結論

Grayscale's fund rebalancing demonstrates the asset manager's commitment to actively managing its portfolios and adjusting its holdings based on market conditions. While the removal of ADA and ATOM could be seen as a negative sign for those tokens' short-term price prospects, it highlights Grayscale's focus on optimizing fund performance and maintaining a diversified portfolio of digital assets.

灰階的基金再平衡顯示了資產管理公司積極管理其投資組合併根據市場狀況調整其持股的承諾。雖然 ADA 和 ATOM 的刪除可能被視為這些代幣短期價格前景的負面訊號，但它凸顯了 Grayscale 對優化基金績效和維持多元化數位資產組合的關注。