灰階重新平衡加密貨幣投資組合：ADA 和 ATOM 退出

最大的加密資產管理公司 Grayscale 在季度基金再平衡期間分別從其 GDLC 和 GSCPxE 基金中移除了 Cardano 的 ADA 和 Cosmos 的 ATOM 代幣。這項決定與灰階針對市場動態進行的策略調整一致，因為 ADA 和 ATOM 最近幾週表現不佳，過去 30 天內 ADA 下跌 27%，ATOM 下跌超過 13%。

Grayscale's Strategic Rebalancing: Cardano's ADA and Cosmos' ATOM Exited

灰階的戰略再平衡：Cardano的ADA和Cosmos的ATOM退出

In a strategic move to optimize its portfolio performance, Grayscale, the world's largest crypto-focused asset manager, has announced 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).

為了優化其投資組合績效，全球最大的加密資產管理公司 Grayscale 宣布從其 Grayscale 數位大盤基金 (GDLC) 中刪除 Cardano 的 ADA 代幣，並從其 Grayscale 智能合約平台中刪除 Cosmos 的 ATOM 代幣前以太坊基金（GSCPxE）。

This decision, part of Grayscale's quarterly fund rebalancing exercise, reflects the company's proactive approach to managing its portfolio in response to evolving market conditions.

這項決定是灰階季度基金再平衡活動的一部分，反映了該公司為應對不斷變化的市場狀況而採取的積極主動的投資組合管理方法。

Underperformance of ADA and ATOM

ADA 和 ATOM 表現不佳

Notably, both ADA and ATOM have faced significant market headwinds in recent times. ADA has plummeted by 27% over the past 30 days, while ATOM has shed over 13% during the same period. This underperformance has undoubtedly influenced Grayscale's decision to reallocate its portfolio holdings.

值得注意的是，ADA 和 ATOM 最近都面臨著巨大的市場阻力。 ADA 在過去 30 天內暴跌 27%，而 ATOM 同期下跌超過 13%。這種表現不佳無疑影響了灰階重新分配投資組合持股的決定。

On the technical front, ADA has witnessed a substantial drop of over 14% on the weekly chart, falling below the psychological mark of $0.6 on April 2nd. Currently, it stands a significant 81% below its all-time high of $3.10 recorded in September 2021. Similarly, ATOM has declined over 13% in the past week, trading at $10.8, a staggering 75% lower than its record peak of $44.7 in September 2021.

技術面，ADA在周線圖上大幅下跌超過14%，跌破4月2日0.6美元的心理關卡。目前，它比2021 年9 月創下的歷史高點3.10 美元大幅下跌81%。同樣，ATOM 在過去一周下跌了13% 以上，交易價格為10.8 美元，比2021 年9 月創下的歷史最高點44.7 美元低了75%。2021 年 9 月。

Rebalancing and New Fund Composition

再平衡和新基金組成

The proceeds generated from the sale of ADA and ATOM tokens were reportedly used to increase the allocation to existing fund components. Consequently, Grayscale's large-cap fund now comprises 70.96% Bitcoin, 21.84% Ether, 4.52% Solana, 1.73% XRP, and 0.95% Avalanche.

據報道，銷售 ADA 和 ATOM 代幣產生的收益被用於增加現有基金組成部分的分配。因此，Grayscale 的大盤基金目前包含 70.96% 比特幣、21.84% 以太幣、4.52% Solana、1.73% XRP 和 0.95% Avalanche。

Grayscale's DeFi Fund, on the other hand, has maintained its composition without any additions or removals. It continues to hold 48.74% Uniswap, 20.41% Maker, 13.17% Lido, 9.99% Aave, and 7.69% Synthetix tokens.

另一方面，灰階的 DeFi 基金則維持其組成，沒有任何增減。它繼續持有 48.74% Uniswap、20.41% Maker、13.17% Lido、9.99% Aave 和 7.69% Synthetix 代幣。

Additionally, Grayscale has launched a new product, the Grayscale Dynamic Income Fund, targeting clients with substantial assets under management or high net worth.

此外，灰階也推出了新產品灰階動態收益基金，針對管理大量資產或高淨值的客戶。

Industry Perspective

產業視角

Reacting to Grayscale's portfolio adjustments, Charles Hoskinson, the founder of Cardano, acknowledged the dynamic nature of investment strategies and the inherent volatility of the cryptocurrency market. His comment, "Wall Street give; Wall Street take," encapsulates the reality that investment decisions are often subject to shifting market conditions and portfolio optimization maneuvers.

針對灰階的投資組合調整，卡爾達諾創辦人查爾斯‧霍斯金森承認投資策略的動態性和加密貨幣市場固有的波動性。他的評論「華爾街給予；華爾街接受」概括了這樣一個現實：投資決策往往受到不斷變化的市場條件和投資組合最佳化策略的影響。

Grayscale's decision to remove ADA and ATOM from its funds underscores the importance of active portfolio management in the rapidly evolving cryptocurrency landscape. As market dynamics change, asset managers must continuously assess and adjust their holdings to align with their investment goals and risk appetites.

Grayscale 從其基金中刪除 ADA 和 ATOM 的決定凸顯了主動投資組合管理在快速發展的加密貨幣領域的重要性。隨著市場動態的變化，資產管理公司必須不斷評估和調整其持有的資產，以符合其投資目標和風險偏好。