Grayscale 重新平衡加密貨幣投資組合，將 ADA 替換為比特幣和 Solana

Grayscale 已將 Cardano (ADA) 從其數位大盤基金中移除，將收益重新分配給現有基金組成部分。該基金目前主要由比特幣組成（70.96%），而其智慧合約平台基金持有 14.56% ADA 和 58.41% Solana。值得注意的是，ADA 今年以來的表現遜於市場，下跌了 8.1%，而比特幣上漲了 59%，以太坊上漲了 40%。

Grayscale Reshuffles Crypto Holdings, Drops Cardano's ADA in Favor of Bitcoin and Solana

Grayscale 重組加密貨幣控股，放棄 Cardano 的 ADA，轉而支持比特幣和 Solana

Grayscale Investments, the world's largest crypto-focused asset manager, has announced a significant shift in its investment strategy, removing Cardano's (ADA) token from its Large Cap Fund and reallocating those funds into Bitcoin (BTC) and Solana (SOL). This strategic maneuver, part of Grayscale's quarterly fund rebalancing, has raised eyebrows within the cryptocurrency community, sparking speculation about the future prospects of ADA and Grayscale's overall investment philosophy.

全球最大的加密資產管理公司 Grayscale Investments 宣布其投資策略發生重大轉變，從其大盤基金中移除 Cardano (ADA) 代幣，並將這些資金重新分配給比特幣 (BTC) 和 Solana (SOL)。這項策略舉措是灰階季度基金再平衡的一部分，引起了加密貨幣社群的關注，引發了人們對 ADA 未來前景和灰階整體投資理念的猜測。

The move effectively diminishes ADA's presence within Grayscale's flagship Large Cap Fund, which previously held a significant portion of the token. The proceeds from the ADA sale were reportedly used to purchase additional BTC, a move that underscores Grayscale's unwavering faith in the world's leading cryptocurrency. This rebalancing act signals a shift towards a more conservative investment approach, emphasizing the stability and long-term growth potential of Bitcoin and Ethereum (ETH), now comprising over 70% of the Large Cap Fund.

此舉有效削弱了 ADA 在 Grayscale 旗艦大盤基金中的影響力，該基金先前持有該代幣的很大一部分。據報導，ADA 銷售的收益用於購買額外的 BTC，此舉突顯了 Grayscale 對世界領先加密貨幣堅定不移的信心。這一再平衡舉措標誌著向更保守的投資方式的轉變，強調了比特幣和以太坊 (ETH) 的穩定性和長期成長潛力，目前它們佔大盤基金的 70% 以上。

While the removal of ADA from the Large Cap Fund may come as a surprise to some investors, it is essential to note Grayscale's strategic rationale. The fund's primary objective is to track the performance of the wider cryptocurrency market, and with Bitcoin and Ethereum continuing to dominate market capitalization, it is understandable that Grayscale would increase their allocation to these assets.

雖然 ADA 從大盤基金中刪除可能會讓一些投資者感到驚訝，但有必要注意 Grayscale 的策略理由。該基金的主要目標是追蹤更廣泛的加密貨幣市場的表現，隨著比特幣和以太坊繼續主導市值，灰階增加對這些資產的配置是可以理解的。

In contrast to the Large Cap Fund, Grayscale's Smart Contract Platform Fund continues to hold ADA, albeit with a reduced weighting. Solana now commands the largest share of this fund, followed by Cardano, Avalanche, and Polkadot. This composition reflects Grayscale's belief in the long-term potential of smart contract platforms and the role they play in the evolving blockchain industry.

與大盤基金相比，Grayscale 的智慧合約平台基金繼續持有 ADA，儘管權重有所降低。 Solana 目前佔據該基金的最大份額，其次是 Cardano、Avalanche 和 Polkadot。這種組合反映了灰階對智慧合約平台的長期潛力及其在不斷發展的區塊鏈產業中所發揮的作用的信念。

Grayscale's DeFi Fund remains unchanged after the rebalancing, with Uniswap maintaining its dominant position within the fund. This decision aligns with the growing popularity and adoption of decentralized finance (DeFi) protocols, which have seen substantial growth in usage and value over the past year.

Grayscale的DeFi基金在重新平衡後保持不變，Uniswap在基金中保持主導地位。這項決定與去中心化金融（DeFi）協議的日益普及和採用相一致，該協議的使用量和價值在過去一年中大幅增長。

Notably, the rebalancing comes amidst a challenging market environment for cryptocurrencies. Year-to-date, both ADA and Cosmos's ATOM token have underperformed Bitcoin and Ethereum, with ADA recording an 8.1% decline and ATOM facing a 3.3% loss. Bitcoin, in comparison, has surged by 59%, while Ethereum has gained over 40% since the start of the year.

值得注意的是，重新平衡是在加密貨幣充滿挑戰的市場環境中進行的。今年迄今，ADA 和 Cosmos 的 ATOM 代幣的表現均遜於比特幣和以太坊，其中 ADA 下跌 8.1%，ATOM 則下跌 3.3%。相比之下，比特幣已飆升 59%，而以太幣自今年年初以來已上漲超過 40%。

ADA's recent price action has been particularly discouraging, falling below the $0.6 psychological barrier and currently standing at approximately 81% below its all-time high of $3.10. ATOM has also struggled in recent weeks, trading at around $10.8 and 75% below its record high of $44.7.

ADA 最近的價格走勢尤其令人沮喪，跌破了 0.6 美元的心理關口，目前比歷史高點 3.10 美元低了約 81%。 ATOM 最近幾週也表現不佳，交易價格約為 10.8 美元，比歷史高點 44.7 美元低了 75%。

Despite the current market volatility, Grayscale's decision to emphasize Bitcoin and Solana in its Large Cap Fund is a strategic move that aligns with its long-term investment strategy and reflects its belief in the enduring strength and dominance of these cryptocurrencies. As the cryptocurrency market navigates the ongoing challenges and uncertainties, Grayscale's rebalancing serves as a reminder of the cautious and measured approach that institutional investors are taking in this evolving landscape.

儘管當前市場波動較大，但Grayscale 決定在其大盤基金中重點關注比特幣和Solana，這是一項戰略舉措，與其長期投資戰略相一致，並反映了其對這些加密貨幣的持久實力和主導地位的信念。隨著加密貨幣市場應對持續的挑戰和不確定性，灰階的再平衡提醒人們，機構投資者在這個不斷變化的環境中採取了謹慎和謹慎的態度。