Grayscale 重新平衡加密货币投资组合，将 ADA 替换为比特币和 Solana

Grayscale 已将 Cardano (ADA) 从其数字大盘基金中移除，将收益重新分配给现有基金组成部分。该基金目前主要由比特币组成（70.96%），而其智能合约平台基金持有 14.56% ADA 和 58.41% Solana。值得注意的是，ADA 今年以来的表现逊于市场，下跌了 8.1%，而比特币上涨了 59%，以太坊上涨了 40%。

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

Grayscale 重组加密货币控股，放弃 Cardano 的 ADA，转而支持比特币和 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.

全球最大的加密资产管理公司 Grayscale Investments 宣布其投资策略发生重大转变，从其大盘基金中移除 Cardano (ADA) 代币，并将这些资金重新分配给比特币 (BTC) 和 Solana (SOL)。这一战略举措是灰度季度基金再平衡的一部分，引起了加密货币社区的关注，引发了人们对 ADA 未来前景和灰度整体投资理念的猜测。

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.

此举有效削弱了 ADA 在 Grayscale 旗舰大盘基金中的影响力，该基金此前持有该代币的很大一部分。据报道，ADA 销售的收益用于购买额外的 BTC，此举突显了 Grayscale 对世界领先加密货币坚定不移的信心。这一再平衡举措标志着向更加保守的投资方式的转变，强调了比特币和以太坊 (ETH) 的稳定性和长期增长潜力，目前它们占大盘基金的 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.

虽然 ADA 从大盘基金中删除可能会让一些投资者感到惊讶，但有必要注意 Grayscale 的战略理由。该基金的主要目标是跟踪更广泛的加密货币市场的表现，随着比特币和以太坊继续主导市值，灰度增加对这些资产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.

与大盘基金相比，Grayscale 的智能合约平台基金继续持有 ADA，尽管权重有所降低。 Solana 目前占据该基金的最大份额，其次是 Cardano、Avalanche 和 Polkadot。这种组合反映了灰度对智能合约平台的长期潜力及其在不断发展的区块链行业中所发挥的作用的信念。

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基金在重新平衡后保持不变，Uniswap在基金中保持主导地位。这一决定与去中心化金融（DeFi）协议的日益普及和采用相一致，该协议的使用量和价值在过去一年中大幅增长。

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，重新平衡是在加密货币充满挑战的市场环境中进行的。今年迄今为止，ADA 和 Cosmos 的 ATOM 代币的表现均逊于比特币和以太坊，其中 ADA 下跌 8.1%，ATOM 则下跌 3.3%。相比之下，比特币已飙升 59%，而以太坊自今年年初以来已上涨超过 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 最近的价格走势尤其令人沮丧，跌破了 0.6 美元的心理关口，目前比历史高点 3.10 美元低了约 81%。 ATOM 最近几周也表现不佳，交易价格约为 10.8 美元，比历史高点 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.

尽管当前市场波动较大，但 Grayscale 决定在其大盘基金中重点关注比特币和 Solana，这是一项战略举措，与其长期投资战略相一致，并反映了其对这些加密货币的持久实力和主导地位的信念。随着加密货币市场应对持续的挑战和不确定性，灰度的再平衡提醒人们，机构投资者在这一不断变化的环境中采取了谨慎和谨慎的态度。