加密ETP流入接近去年的記錄：H1 2025看到$ 17.8B

H1 2025中的加密ETP流入幾乎是去年的18.3B $ 18.3B，這是由比特幣和貝萊德的統治者驅動的。這是新常態嗎？

Crypto ETP Inflows Nearing Last Year's Record: H1 2025 Sees $17.8B

加密ETP流入接近去年的記錄：H1 2025看到$ 17.8B

The first half of 2025 has been a wild ride for crypto, and the numbers are in! Crypto exchange-traded products (ETPs) are making waves, nearly matching last year's inflow figures. Let's dive into the details.

2025年的上半年一直是加密貨幣的瘋狂旅程，數字已經存在！加密交易所交易產品（ETP）正在引起波浪，幾乎與去年的流入數字相匹配。讓我們研究細節。

The Big Picture: $17.8 Billion and Counting

大局：178億美元，計數

According to CoinShares, crypto ETPs raked in a whopping $17.8 billion in the first half of 2025. While slightly below last year's $18.3 billion, it's still a massive number, showing strong investor interest in digital assets. This impressive figure is largely thanks to an ongoing 11-week streak of inflows, netting $16.9 billion alone!

根據Coinshares的說法，在2025年上半年，加密ETP的收入高達178億美元。雖然略低於去年的183億美元，但仍然是一個巨大的數字，顯示出對數字資產的強烈興趣。這一令人印象深刻的數字在很大程度上要歸功於持續的11週的流入紀錄，僅付出了169億美元！

Bitcoin's Reign Continues

比特幣的統治繼續

Bitcoin (BTC) remains the king of crypto, with Bitcoin ETPs accounting for nearly 84% of all inflows, totaling $14.9 billion year-to-date. Ether (ETH) follows in second place, capturing 16.3% of the total inflows with $2.9 billion. Even XRP is making a splash, ranking third with $219 million in inflows despite the lack of a spot ETF in the U.S.

比特幣（BTC）仍然是加密貨幣之王，比特幣ETP佔所有流入量的近84％，總計149億美元。 Ether（ETH）佔據了第二名，以29億美元的價格捕獲了總流入量的16.3％。甚至XRP都在飛濺，儘管美國缺乏ETF，但以2.19億美元的流入排名第三

BlackRock Dominates the ETP Landscape

貝萊德占主導地位的ETP景觀

Just as Bitcoin dominates the crypto space, BlackRock is dominating the ETP market. Their crypto funds pulled in over $17 billion in H1 2025, representing a staggering 96% of total half-year inflows. ProShares and Fidelity trail behind with $526 million and $246 million, respectively. Grayscale Investments, on the other hand, experienced outflows of nearly $1.7 billion.

就像比特幣主導著加密貨幣空間一樣，貝萊德在ETP市場中占主導地位。他們的加密貨幣資金在2025年H1中賺了170億美元，佔半年流入總額的96％。 Proshares和Fidelity落後於5.26億美元和2.46億美元。另一方面，灰度投資經歷了近17億美元的流出。

What Does This Mean?

這是什麼意思？

These numbers suggest that institutional investors are increasingly comfortable with crypto, especially Bitcoin. The dominance of BlackRock highlights the importance of established players in the space. It's also interesting to see XRP performing well even without a U.S. spot ETF, indicating strong global demand.

這些數字表明，機構投資者對加密貨幣（尤其是比特幣）越來越滿意。黑石的主導地位突出了該領域已建立的球員的重要性。即使沒有美國ETF，XRP表現良好也很有趣，這表明全球需求強勁。

Final Thoughts: To the Moon?

最終想法：月球？

With crypto ETP inflows nearly matching last year's record, it's clear that the digital asset market is maturing. While Bitcoin saw a slight dip recently, the overall trend is positive. Who knows, maybe we'll see even bigger numbers in the second half of the year. Buckle up, because the crypto rollercoaster is far from over!

隨著加密ETP流入幾乎匹配去年的記錄，很明顯，數字資產市場正在成熟。雖然比特幣最近略有下降，但總體趨勢是積極的。誰知道，也許我們在下半年會看到更多的人數。扣緊，因為加密過山車還遠遠沒有結束！