加密ETP流入接近去年的记录：H1 2025看到$ 17.8B

H1 2025中的加密ETP流入几乎是去年的18.3B $ 18.3B，这是由比特币和贝莱德的统治者驱动的。这是新常态吗？

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

加密ETP流入接近去年的记录：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货币的疯狂旅程，数字已经存在！加密交易所交易产品（ETP）正在引起波浪，几乎与去年的流入数字相匹配。让我们研究细节。

The Big Picture: $17.8 Billion and Counting

大局：178亿美元，计数

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!

根据Coinshares的说法，在2025年上半年，加密ETP的收入高达178亿美元。虽然略低于去年的183亿美元，但仍然是一个巨大的数字，显示出对数字资产的强烈兴趣。这一令人印象深刻的数字在很大程度上要归功于持续的11周的流入纪录，仅付出了169亿美元！

Bitcoin's Reign Continues

比特币的统治继续

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.

比特币（BTC）仍然是加密货币之王，比特币ETP占所有流入量的近84％，总计149亿美元。 Ether（ETH）占据了第二名，以29亿美元的价格捕获了总流入量的16.3％。甚至XRP都在飞溅，尽管美国缺乏ETF，但以2.19亿美元的流入排名第三

BlackRock Dominates the ETP Landscape

贝莱德占主导地位的ETP景观

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.

就像比特币主导着加密货币空间一样，贝莱德在ETP市场中占主导地位。他们的加密货币资金在2025年H1中赚了170亿美元，占半年流入总额的96％。 Proshares和Fidelity落后于5.26亿美元和2.46亿美元。另一方面，灰度投资经历了近17亿美元的流出。

What Does This Mean?

这是什么意思？

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.

这些数字表明，机构投资者对加密货币（尤其是比特币）越来越满意。黑石的主导地位突出了该领域已建立的球员的重要性。即使没有美国ETF，XRP表现良好也很有趣，这表明全球需求强劲。

Final Thoughts: To the Moon?

最终想法：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!

随着加密ETP流入几乎匹配去年的记录，很明显，数字资产市场正在成熟。虽然比特币最近略有下降，但总体趋势是积极的。谁知道，也许我们在下半年会看到更多的人数。扣紧，因为加密过山车还远远没有结束！