卡尔达诺（ADA）从灰度数字大盘基金中退出，发生重大转变

主要加密资产管理公司 Grayscale 在季度审查期间将 Cardano (ADA) 从其数字大盘基金 (GDLC) 中删除。该公司称原因是资产再平衡，所得资金用于购买现有基金组成部分。这一决定标志着灰度此前对 ADA 的看涨立场发生了转变，ADA 于 2021 年被添加到 GDLC 中，成为第三大持仓。

Grayscale's Bold Move: Cardano (ADA) Dropped from Digital Large Cap Fund

灰度的大胆举动：卡尔达诺（ADA）从数字大盘基金中退出

In a pivotal shift within the cryptocurrency investment landscape, Grayscale, the world's largest crypto asset manager, has removed Cardano (ADA) from its prestigious Digital Large Cap Fund (GDLC). This strategic move, announced as part of the firm's first-quarter 2024 review, signals a reassessment of the fund's portfolio composition.

加密货币投资格局发生了重大转变，全球最大的加密资产管理公司 Grayscale 已将 Cardano (ADA) 从其著名的数字大盘基金 (GDLC) 中剔除。这一战略举措是该公司 2024 年第一季度审查的一部分，标志着对该基金投资组合构成的重新评估。

Grayscale's decision to part ways with ADA stems from its quarterly rebalancing process. The firm liquidated its ADA holdings and reallocated the proceeds to existing fund components, adjusting their weightings accordingly. As a result, ADA has been effectively axed from the GDLC portfolio.

Grayscale 决定与 ADA 分道扬镳，源于其季度重新平衡流程。该公司清算了其 ADA 持股，并将收益重新分配给现有基金组成部分，并相应调整其权重。因此，ADA 实际上已从 GDLC 产品组合中删除。

"Our quarterly reviews involve rebalancing and updating our multi-asset funds, including GDLC, the DeFi Fund, and the Smart Contract Platform Ex-Ethereum Fund," explained Grayscale. "In adherence to the CoinDesk Large Cap Select Index methodology, we've sold Cardano and utilized the proceeds to enhance our existing portfolio."

“我们的季度审查涉及重新平衡和更新我们的多资产基金，包括 GDLC、DeFi 基金和智能合约平台 Ex-Ethereum 基金，”Grayscale 解释道。 “根据 CoinDesk 大盘股精选指数方法，我们出售了 Cardano 并利用所得收益来增强我们现有的投资组合。”

The GDLC Fund's updated composition now features Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX). This move follows a similar adjustment in January, where Grayscale removed Polygon's MATIC and welcomed Avalanche and XRP into the fold.

GDLC 基金的更新组成现在包括比特币 (BTC)、以太坊 (ETH)、Solana (SOL)、XRP 和 Avalanche (AVAX)。在此之前，一月份也进行了类似的调整，当时 Grayscale 删除了 Polygon 的 MATIC，并欢迎 Avalanche 和 XRP 加入。

Grayscale's Digital Large Cap Fund, a pioneering investment vehicle, exclusively invests in a basket of large-cap digital assets. It aims to mirror the value of these assets while mitigating the complexities of direct acquisition and storage.

Grayscale 的数字大盘基金是一种开创性的投资工具，专门投资于一篮子大盘数字资产。它的目的是反映这些资产的价值，同时减轻直接获取和存储的复杂性。

The decision to drop ADA from GDLC marks a significant departure from Grayscale's previous stance. In 2021, the firm added ADA to its large-cap fund, positioning it as the third-largest holding.

将 ADA 从 GDLC 中删除的决定标志着与 Grayscale 之前立场的重大背离。 2021 年，该公司将 ADA 添加到其大盘基金中，将其定位为第三大持股。

However, Grayscale's dominance in institutional crypto custody and investment has not shielded it from the evolving regulatory landscape. Industry players have begun diversifying their portfolios beyond Bitcoin and Ethereum to navigate these regulatory shifts.

然而，灰度在机构加密货币托管和投资方面的主导地位并没有使其免受不断变化的监管环境的影响。行业参与者已经开始将其投资组合多元化到比特币和以太坊之外，以应对这些监管变化。

For instance, the Bitwise 10 Crypto Index Fund, which tracks the top 10 most valuable cryptocurrencies, now offers investors exposure to ADA, albeit with a modest 1.1% allocation. As regulations evolve and gain clarity, similar expansions into alternative digital assets by other funds, like VanEck, could emerge, providing investors with a more comprehensive range of opportunities.

例如，追踪最有价值的 10 种加密货币的 Bitwise 10 加密货币指数基金现在为投资者提供 ADA 投资，尽管分配比例不大，为 1.1%。随着法规的发展和明确，VanEck 等其他基金可能会出现类似的另类数字资产扩张，为投资者提供更全面的机会。

Grayscale's decision to remove ADA comes as the cryptocurrency has experienced relatively stable price action following a tumultuous week marked by an 11.66% decline, resulting in the loss of its market cap position to Dogecoin. At the time of writing, ADA trades at $0.58, indicating a 0.56% decrease over the past 24 hours.

Grayscale 决定删除 ADA 之际，该加密货币在经历了下跌 11.66% 的动荡一周后经历了相对稳定的价格走势，导致其市值地位输给了狗狗币。截至撰写本文时，ADA 交易价格为 0.58 美元，表明过去 24 小时内下跌了 0.56%。

Analysts Weigh In

分析师介入

Industry experts have offered varying perspectives on Grayscale's move. Some believe it reflects a strategic shift towards assets with more robust fundamentals and clearer regulatory frameworks. Others caution against interpreting it as a bearish signal for ADA, emphasizing the fund's focus on large-cap assets and the cryptocurrency's potential for future growth.

行业专家对灰度的举动提出了不同的看法。一些人认为，这反映了向具有更强劲基本面和更清晰监管框架的资产的战略转变。其他人则警告不要将其解读为 ADA 的看跌信号，强调该基金专注于大盘资产和加密货币的未来增长潜力。

"Grayscale's decision is likely driven by their perception of ADA's position in the market and its alignment with their fund's objectives," said analyst Javier Salinas. "It should not be seen as a reflection of ADA's long-term prospects."

分析师哈维尔·萨利纳斯 (Javier Salinas) 表示：“Grayscale 的决定可能是由于他们对 ADA 在市场中的地位及其与其基金目标的一致性的看法。” “这不应被视为 ADA 长期前景的反映。”

Conclusion

结论

Grayscale's removal of ADA from its Digital Large Cap Fund sends a clear message that the crypto investment landscape is evolving. Institutional investors are increasingly seeking diversification and regulatory clarity, leading to a reassessment of portfolio allocations. While ADA's exclusion from GDLC may not signal a bearish outlook for the cryptocurrency, it highlights the importance of adapting to the changing regulatory environment and the growing emphasis on fundamental strength and regulatory compliance within the crypto industry.

Grayscale 将 ADA 从其数字大盘基金中移除，发出了一个明确的信息：加密货币投资格局正在演变。机构投资者越来越多地寻求多元化和监管清晰度，从而导致对投资组合配置的重新评估。虽然 ADA 被排除在 GDLC 之外可能并不意味着加密货币前景悲观，但它凸显了适应不断变化的监管环境的重要性以及加密行业内对基本实力和监管合规性的日益重视。