灰階再平衡基金：ADA、ATOM 退出數位化、智慧合約市場

在最近的重新平衡中，主要加密資產管理公司 Grayscale 從其基金中刪除了 Cardano 的 ADA 和 Cosmos 的 ATOM。此舉反映了行業動態，表現不佳的資產被剔除，以優化投資組合效率並利用市場變化。灰階向創收資產的轉型凸顯了不斷變化的加密貨幣格局，其中策略調整和效能優化推動了投資決策。

Grayscale Rebalances Funds, Ejects Cardano (ADA) and Cosmos (ATOM)

灰階再平衡基金，退出 Cardano (ADA) 和 Cosmos (ATOM)

Grayscale Investments, the world's largest crypto-focused asset manager, has implemented a significant rebalancing of its funds, removing Cardano (ADA) and Cosmos (ATOM) from its digital and smart contract platform funds (GDLC and GSCPxE) respectively. The decision signals a shift in the company's strategy following industry-wide developments and a change in the competitive landscape.

全球最大的加密資產管理公司 Grayscale Investments 對其基金進行了重大再平衡，分別從其數位和智慧合約平台基金（GDLC 和 GSCPxE）中刪除了 Cardano (ADA) 和 Cosmos (ATOM)。這項決定標誌著公司隨著全產業的發展和競爭格局的變化而進行的策略轉變。

Rebalancing of Fund Components

基金組成部分的重新平衡

The rebalancing involved the sale of ADA and ATOM holdings in the affected funds, with the proceeds reinvested into existing fund components. The updated fund components of the Grayscale Digital Large Cap Fund (GDLC) and the Grayscale Smart Contract Platform ex Ethereum Fund (GSCPxE) are as follows:

重新平衡涉及出售受影響基金中的 ADA 和 ATOM 股份，並將收益重新投資到現有基金組成部分。灰階數位大盤基金（GDLC）與灰階智慧合約平台前以太坊基金（GSCPxE）更新後的基金組成如下：

GDLC:

通用資料鏈路層：

• Bitcoin (BTC): 72.96%
• Ethereum (ETH): 11.96%
• Solana (SOL): 5.12%
• Ripple (XRP): 4.86%
• Avalanche (AVAX): 3.36%

GSCPxE:

比特幣（BTC）：72.96%以太幣（ETH）：11.96%Solana（SOL）：5.12%瑞波幣（XRP）：4.86%Avalanche（AVAX）：3.36%GSCPxE：

• Solana (SOL): 19.56%
• Cardano (ADA): 9.80%
• Avalanche (AVAX): 11.25%
• Polkadot (DOT): 8.53%

Market Performance and Investment Strategy

Solana (SOL): 19.56% Cardano (ADA): 9.80% Avalanche (AVAX): 11.25%Polkadot (DOT): 8.53% 市場表現及投資策略

The rebalancing decision reflects Grayscale's assessment of market conditions and the performance of individual cryptocurrencies. In recent months, ADA and ATOM have underperformed compared to other digital assets, particularly Bitcoin (BTC) and Ethereum (ETH). ADA has lost approximately 3.1% year-to-date, while ATOM has declined by 3.3%.

重新平衡的決定反映了灰階對市場狀況和個別加密貨幣表現的評估。近幾個月來，與其他數位資產，特別是比特幣（BTC）和以太坊（ETH）相比，ADA 和 ATOM 的表現不佳。今年迄今為止，ADA 下跌了約 3.1%，而 ATOM 則下跌了 3.3%。

Grayscale's strategy aligns with the changing dynamics of the crypto market, where volatility and uncertainty have become the norm. By optimizing its fund components, Grayscale seeks to mitigate risk and maximize returns for its investors. The removal of ADA and ATOM from the GDLC and GSCPxE funds is indicative of the company's commitment to investing in assets with strong fundamentals and growth potential.

灰階的策略與加密貨幣市場不斷變化的動態一致，其中波動性和不確定性已成為常態。透過優化其基金組成部分，灰度致力於降低投資者的風險並最大化回報。將 ADA 和 ATOM 從 GDLC 和 GSCPxE 基金中刪除表明該公司致力於投資具有強勁基本面和成長潛力的資產。

Grayscale's Shift Towards Staking Rewards

灰階向質押獎勵的轉變

In addition to the fund rebalancing, Grayscale has also announced a shift in its investment strategy towards income-generating assets. The company has launched the Grayscale Dynamic Income Fund, which will focus on cryptocurrencies that offer staking rewards. This fund is targeted at accredited investors with a minimum portfolio value of $1.5 million and a minimum asset value of $2 million.

除了基金再平衡外，灰階還宣布將投資策略轉向創收資產。該公司推出了灰階動態收入基金，該基金將專注於提供質押獎勵的加密貨幣。該基金面向投資組合價值最低為 150 萬美元、資產價值最低為 200 萬美元的合格投資者。

The launch of the Grayscale Dynamic Income Fund reflects the growing interest in cryptocurrencies as a source of passive income. Staking rewards provide investors with a regular stream of income in exchange for locking up their cryptocurrencies for a specified period of time. This strategy appeals to investors seeking yield amid low interest rates and traditional bonds and stocks becoming less attractive.

灰階動態收入基金的推出反映了人們對加密貨幣作為被動收入來源日益增長的興趣。質押獎勵為投資者提供穩定的收入來源，以換取在指定時間內鎖定其加密貨幣。這項策略吸引了在低利率和傳統債券和股票吸引力下降的情況下尋求收益的投資者。

Evolving Crypto Market Landscape

不斷變化的加密貨幣市場格局

Grayscale's rebalancing and strategic shift underscore the dynamic nature of the cryptocurrency market. With constant technological advancements, regulatory changes, and market volatility, investors face challenges in navigating the complexities of the space.

灰階的再平衡和策略轉變凸顯了加密貨幣市場的動態本質。隨著技術的不斷進步、監管的變化和市場的波動，投資者在應對這個複雜的領域時面臨挑戰。

However, the crypto market remains young and full of potential. Innovative projects and new investment opportunities continue to emerge, providing opportunities for both retail and institutional investors. Grayscale's actions are a reminder that the crypto landscape is constantly evolving, and investors need to stay informed and adapt their strategies accordingly.

然而，加密貨幣市場仍然年輕且充滿潛力。創新項目和新的投資機會不斷湧現，為散戶和機構投資者提供了機會。灰階的行動提醒人們，加密貨幣領域正在不斷發展，投資者需要隨時了解情況並相應調整策略。