CRPT：过度依赖比特币获得回报

随着比特币（BTC-USD）涨至每枚 10 万美元以上，以太坊（ETH-USD）重返 4,000 美元以上，人们对数字资产领域的热情又回来了。

Exchange Traded Funds (ETFs) tracking cryptocurrency miners have surged this year, largely due to the stellar performance of Bitcoin and other digital assets.

追踪加密货币矿工的交易所交易基金（ETF）今年激增，这主要归功于比特币和其他数字资产的出色表现。

However, a closer look at the holdings of these ETFs reveals that they are heavily reliant on Bitcoin for generating returns, which could pose a risk to investors seeking broader exposure to the digital asset mining sector. One of the ETFs, the VanEck Digital Assets Mining ETF (NASDAQ:CRPT), allocates nearly 70% of its portfolio to companies that primarily mine Bitcoin.

然而，仔细观察这些 ETF 的持有情况就会发现，它们严重依赖比特币来产生回报，这可能会给寻求更广泛地涉足数字资产挖矿行业的投资者带来风险。 VanEck Digital Assets Mining ETF（纳斯达克股票代码：CRPT）是其中的 ETF 之一，将其投资组合的近 70% 分配给主要开采比特币的公司。

This heavy reliance on Bitcoin could limit the ETF's ability to capture the full potential of the broader digital asset mining industry, which includes companies mining a diverse range of cryptocurrencies beyond Bitcoin. Investors seeking a more comprehensive exposure to the digital asset mining sector may want to consider other ETFs with a broader allocation strategy.

这种对比特币的严重依赖可能会限制 ETF 充分发挥更广泛的数字资产采矿业潜力的能力，其中包括开采比特币以外的各种加密货币的公司。寻求更全面地投资数字资产挖矿行业的投资者可能会考虑其他具有更广泛配置策略的 ETF。

Here's a breakdown of CRPT's holdings as of December 14th:

以下是截至 12 月 14 日 CRPT 持仓明细：

70.04% of the portfolio is allocated to companies that primarily mine Bitcoin.

投资组合的 70.04% 分配给主要开采比特币的公司。

19.01% is invested in multi-digital asset mining companies.

19.01%投资于多数字资产挖矿公司。

7.04% is allocated to companies that primarily mine Ethereum.

7.04% 分配给主要开采以太坊的公司。

3.91% is invested in digital asset mining hardware manufacturers.

3.91%投资于数字资产挖矿硬件制造商。

0.00% is allocated to other types of companies within the digital asset mining industry.

0.00%分配给数字资产挖矿行业内的其他类型公司。

CRPT's top holdings include Marathon Digital (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT), and Bitfarms (NASDAQ:BITF). These companies, known for their large-scale Bitcoin mining operations, collectively account for over 50% of the ETF's holdings.

CRPT 的主要持股包括 Marathon Digital（纳斯达克股票代码：MARA）、Riot Platforms（纳斯达克股票代码：RIOT）和 Bitfarms（纳斯达克股票代码：BITF）。这些公司以其大规模的比特币挖矿业务而闻名，合计占该 ETF 持仓量的 50% 以上。

While CRPT provides investors with exposure to the digital asset mining sector, its heavy reliance on Bitcoin may not fully align with the ETF's stated objective of tracking the broad performance of companies in the digital asset mining industry. Investors seeking a broader representation of the sector may want to consider other ETFs with a more diverse allocation strategy.

虽然 CRPT 为投资者提供了数字资产挖矿行业的投资机会，但其对比特币的严重依赖可能并不完全符合 ETF 追踪数字资产挖矿行业公司整体业绩的既定目标。寻求更广泛的行业代表性的投资者可能会考虑其他配置策略更加多样化的 ETF。