加密投資產品繼續吸引資本

輸入：數據顯示，上周全球流入總計8.82億美元，使年度至67億美元的流入率達到了73億美元的高峰

Crypto investment products continued to attract capital for the fourth consecutive week, according to the latest weekly report from CoinShares, a European-based asset manager focused on digital assets.

根據Coinshares的最新報告，Coinshares的最新報告是歐洲資產經理專注於數字資產，因此加密投資產品連續第四周繼續吸引資本。

The report, released on Monday, revealed that inflows totaled $882 million globally last week. This brings year-to-date figures to $6.7 billion, placing it just shy of the previous peak of $7.3 billion recorded in early February 2025.

該報告在周一發布的報告顯示，上周全球流入量為8.82億美元。這將年初至67億美元的數字降低，略高於2025年2月初記錄的73億美元的峰值。

Bitcoin Led Inflows; Sui Overtakes Solana

比特幣LED流入； Sui超越了Solana

Among individual coins, Bitcoin remains the dominant choice for investors, with an influx of $867 million last week alone. This follows a triple-digit million dollar inflow reported for the previous week.

在個人硬幣中，比特幣仍然是投資者的主要選擇，僅上週湧入了8.67億美元。這是在上週報告的三位數百萬美元流入。

Moreover, US-listed Bitcoin ETFs crossed a new milestone with cumulative net inflows of $62.9 billion since their debut in January 2024. This surpasses the previous high of $61.6 billion from earlier this year, rolling over the role of institutional vehicles in driving Bitcoin demand.

此外，自2024年1月首次亮相以來，美國上市的比特幣ETF跨越了一個新的里程碑，累計淨流入額為629億美元。這超過了今年早些時候的616億美元的高點，從而超過了機構工具在驅動比特幣需求中的作用。

In contrast, Ethereum’s performance was relatively subdued despite recent price appreciation. ETH products recorded only $1.5 million in inflows for the week, a marginal figure compared to Bitcoin.

相比之下，儘管最近的價格讚賞，儘管以太坊的表現相對柔和。與比特幣相比，ETH Products僅記錄了150萬美元的流入，這是一個邊際數字。

However, the report highlights a strong performance by alternative layer-1 protocol Sui, which saw an influx of $11.7 million. This pushes Sui’s year-to-date total to $84 million, eclipsing Solana’s $76 million. Notably, Solana saw $3.4 million in outflows over the same period, suggesting a rotation of capital into newer blockchain networks.

但是，該報告強調了另類1層協議SUI的出色表現，SUI的湧入率為1,170萬美元。這將SUI年初至8400萬美元提高了，使Solana的7600萬美元黯然失色。值得注意的是，索拉納（Solana）在同一時期看到了340萬美元的流出，這表明資本轉向了新的區塊鍊網絡。

The ongoing rise in capital allocations comes amid a backdrop of rising macroeconomic uncertainty. CoinShares’ Head of Research, James Butterfill, attributes the surge in digital asset inflows to several converging factors.

在宏觀經濟不確定性上升的背景下，資本分配的持續上升是出於出現的。 Coinshares的研究負責人詹姆斯·巴特菲爾（James Butterfill）將數字資產流入的激增歸因於幾個融合因素。

These include a global increase in M2 money supply, concerns over stagflation in the United States, and recent policy moves by US states recognizing Bitcoin as a strategic reserve asset. The combination of these developments appears to be reinforcing institutional interest in crypto exposure.

其中包括全球M2貨幣供應的增加，對美國停滯的擔憂以及美國各州最近承認比特幣是戰略儲備資產的行動。這些發展的結合似乎是加強對加密貨幣暴露的機構興趣。

CoinShares Report: Institutional Capital Flows into Crypto Continue with Record Peaks

CoinShares報告：機構資本流入加密貨幣的持續創紀錄的峰值

According to the latest CoinShares report, institutional capital continued to flow into crypto products for the fourth consecutive week, even as macroeconomic uncertainty persists. Inflows totaled $882 million globally last week, bringing year-to-date figures to $6.7 billion, nearly reaching the previous peak of $7.3 billion seen in early February.

根據最新的Coinshares報告，即使宏觀經濟不確定性仍然存在，機構資本連續第四周繼續流入加密產品。上周全球流入總額為8.82億美元，使年底數量達到67億美元，幾乎達到了2月初的73億美元峰值。

Bitcoin (BTC) remains the preferred choice among investors, with an influx of $867 million last week alone. This follows a triple-digit million dollar inflow reported for the previous week.

比特幣（BTC）仍然是投資者的首選選擇，僅上週湧入了8.67億美元。這是在上週報告的三位數百萬美元流入。

Its strong performance also drove a new milestone for US-listed Bitcoin ETFs, which crossed a new high with cumulative net inflows of $62.9 billion since their debut in January 2024. This surpasses the previous peak of $61.6 billion from earlier this year, rolling over the role of institutional vehicles in driving Bitcoin demand.

自2024年1月首次亮相以來，它的出色表現也為美國上市的比特幣ETF推動了一個新的里程碑，累積的淨流入量為629億美元。這超過了今年早些時候的616億美元的峰值，這超過了機構汽車在駕駛比特幣需求中的作用。

In contrast, Ethereum (ETH) saw limited inflows of $1.5 million despite recent price gains. This contrasts sharply with Bitcoin’s inflows, suggesting that investors are currently more interested in BTC over the second-largest cryptocurrency.

相比之下，儘管價格上漲，以太坊（ETH）的流入量有限為150萬美元。這與比特幣的流入鮮明對比，這表明投資者目前對第二大加密貨幣的BTC更感興趣。

However, the report highlights a strong performance by alternative layer-1 protocol Sui, which saw an influx of $11.7 million. This pushes Sui’s year-to-date total to $84 million, eclipsing Solana’s $76 million. Notably, Solana saw $3.4 million in outflows over the same period, suggesting a rotation of capital into newer blockchain networks.

但是，該報告強調了另類1層協議SUI的出色表現，SUI的湧入率為1,170萬美元。這將SUI年初至8400萬美元提高了，使Solana的7600萬美元黯然失色。值得注意的是，索拉納（Solana）在同一時期看到了340萬美元的流出，這表明資本轉向了新的區塊鍊網絡。

The persistent inflow into crypto comes as no surprise given the backdrop of macroeconomic uncertainty. Butterfill ascribes the surge in digital asset inflows to several converging factors.

考慮到宏觀經濟不確定性的背景，進入加密貨幣的持續流入就不足為奇了。 Butterfill將數字資產流入的激增歸因於幾個融合因素。

These include a global increase in M2 money supply, concerns over stagflation in the United States, and recent policy moves by US states to recognize Bitcoin as a strategic reserve asset. The combination of these developments appears to be reinforcing institutional interest in crypto exposure.

其中包括全球M2貨幣供應的增加，對美國停滯的擔憂以及美國各州最近將比特幣視為戰略儲備資產的政策動作。這些發展的結合似乎是加強對加密貨幣暴露的機構興趣。

The report also notes that the U.S. led all markets with inflows of $840 million, while Germany saw inflows of $44.5 million and Australia saw inflows of $10.2 million. By contrast, Canada and Hong Kong posted outflows of $8 million and $4.3 million, respectively.

該報告還指出，美國領導了所有市場，流入了8.4億美元，而德國的流入為4450萬美元，澳大利亞的流入量為10020萬美元。相比之下，加拿大和香港的外流分別為800萬美元和430萬美元。

The geographical divergence may reflect varying levels of investor sentiment, regulatory clarity, and institutional product availability across jurisdictions.

地理差異可能反映了各個司法管轄區的不同水平的投資者情緒，監管清晰度和機構產品的可用性。

The report concludes by noting that institutional investors are increasingly considering digital assets as a hedge against fiat depreciation and economic volatility, a view that is being reinforced by developments such as state-level legislation in the U.S. acknowledging Bitcoin as a reserve asset and the broader uptick in fiat liquidity.

該報告總結說，機構投資者越來越多地將數字資產視為反對法定貶值和經濟波動的對沖，這種觀點正在被美國承認比特幣作為儲備資產和更廣泛的菲亞特流動性上的較廣泛提升的發展所強化的。

While Bitcoin continues to dominate flows, the performance of newer assets such as Sui highlights growing interest in blockchain infrastructure alternatives. If this trend persists, fund managers may increasingly diversify beyond the traditional top two digital assets in

儘管比特幣繼續主導流動，但諸如SUI之類的新資產的績效強調了對區塊鏈基礎設施替代方案的興趣日益增長。如果這種趨勢持續存在，基金經理可能會越來越多地超越傳統的前兩個數字資產