灰度重新平衡加密货币投资组合：ADA 和 ATOM 退出

最大的加密资产管理公司 Grayscale 在季度基金再平衡期间分别从其 GDLC 和 GSCPxE 基金中移除了 Cardano 的 ADA 和 Cosmos 的 ATOM 代币。这一决定与灰度针对市场动态进行的战略调整相一致，因为 ADA 和 ATOM 最近几周表现不佳，过去 30 天内 ADA 下跌 27%，ATOM 下跌超过 13%。

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

灰度的战略再平衡：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).

为了优化其投资组合绩效，全球最大的加密资产管理公司 Grayscale 宣布从其 Grayscale 数字大盘基金 (GDLC) 中删除 Cardano 的 ADA 代币，并从其 Grayscale 智能合约平台中删除 Cosmos 的 ATOM 代币前以太坊基金（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.

这一决定是灰度季度基金再平衡活动的一部分，反映了该公司为应对不断变化的市场状况而采取的积极主动的投资组合管理方法。

Underperformance of ADA and ATOM

ADA 和 ATOM 表现不佳

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 最近都面临着巨大的市场阻力。 ADA 在过去 30 天内暴跌 27%，而 ATOM 同期下跌超过 13%。这种表现不佳无疑影响了灰度重新分配其投资组合持股的决定。

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.

技术面，ADA在周线图上大幅下跌超过14%，跌破4月2日0.6美元的心理关口。目前，它比 2021 年 9 月创下的历史高点 3.10 美元大幅下跌 81%。同样，ATOM 在过去一周下跌了 13% 以上，交易价格为 10.8 美元，比 2021 年 9 月创下的历史最高点 44.7 美元低了 75%。 2021 年 9 月。

Rebalancing and New Fund Composition

再平衡和新基金构成

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.

据报道，销售 ADA 和 ATOM 代币产生的收益被用于增加现有基金组成部分的分配。因此，Grayscale 的大盘基金目前包含 70.96% 比特币、21.84% 以太币、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，灰度的 DeFi 基金则维持其构成，没有任何增减。它继续持有 48.74% Uniswap、20.41% Maker、13.17% Lido、9.99% Aave 和 7.69% Synthetix 代币。

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，灰度还推出了新产品灰度动态收益基金，针对管理大量资产或高净值的客户。

Industry Perspective

行业视角

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.

针对灰度的投资组合调整，卡尔达诺创始人查尔斯·霍斯金森承认投资策略的动态性和加密货币市场固有的波动性。他的评论“华尔街给予；华尔街接受”概括了这样一个现实：投资决策往往受到不断变化的市场条件和投资组合优化策略的影响。

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 从其基金中删除 ADA 和 ATOM 的决定凸显了主动投资组合管理在快速发展的加密货币领域的重要性。随着市场动态的变化，资产管理公司必须不断评估和调整其持有的资产，以符合其投资目标和风险偏好。