加密投资产品继续吸引资本

输入：数据显示，上周全球流入总计8.82亿美元，使年度至67亿美元的流入率达到了73亿美元的高峰

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.

根据Coinshares的最新报告，Coinshares的最新报告是欧洲资产经理专注于数字资产，因此加密投资产品连续第四周继续吸引资本。

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.

该报告在周一发布的报告显示，上周全球流入量为8.82亿美元。这将年初至67亿美元的数字降低，略高于2025年2月初记录的73亿美元的峰值。

Bitcoin Led Inflows; Sui Overtakes Solana

比特币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.

在个人硬币中，比特币仍然是投资者的主要选择，仅上周涌入了8.67亿美元。这是在上周报告的三位数百万美元流入。

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月首次亮相以来，美国上市的比特币ETF跨越了一个新的里程碑，累计净流入额为629亿美元。这超过了今年早些时候的616亿美元的高点，从而超过了机构工具在驱动比特币需求中的作用。

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，尽管最近的价格赞赏，尽管以太坊的表现相对柔和。与比特币相比，ETH Products仅记录了150万美元的流入，这是一个边际数字。

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，该报告强调了另类1层协议SUI的出色表现，SUI的涌入率为1,170万美元。这将SUI年初至8400万美元提高了，使Solana的7600万美元黯然失色。值得注意的是，索拉纳（Solana）在同一时期看到了340万美元的流出，这表明资本转向了新的区块链网络。

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.

在宏观经济不确定性上升的背景下，资本分配的持续上升是出于出现的。 Coinshares的研究负责人詹姆斯·巴特菲尔（James Butterfill）将数字资产流入的激增归因于几个融合因素。

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货币供应的增加，对美国停滞的担忧以及美国各州最近承认比特币是战略储备资产的行动。这些发展的结合似乎是加强对加密货币暴露的机构兴趣。

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

CoinShares报告：机构资本流入加密货币的持续创纪录的峰值

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.

根据最新的Coinshares报告，即使宏观经济不确定性仍然存在，机构资本连续第四周继续流入加密产品。上周全球流入总额为8.82亿美元，使年底数量达到67亿美元，几乎达到了2月初的73亿美元峰值。

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.

比特币（BTC）仍然是投资者的首选选择，仅上周涌入了8.67亿美元。这是在上周报告的三位数百万美元流入。

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月首次亮相以来，它的出色表现也为美国上市的比特币ETF推动了一个新的里程碑，累积的净流入量为629亿美元。这超过了今年早些时候的616亿美元的峰值，这超过了机构汽车在驾驶比特币需求中的作用。

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，尽管价格上涨，以太坊（ETH）的流入量有限为150万美元。这与比特币的流入鲜明对比，这表明投资者目前对第二大加密货币的BTC更感兴趣。

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，该报告强调了另类1层协议SUI的出色表现，SUI的涌入率为1,170万美元。这将SUI年初至8400万美元提高了，使Solana的7600万美元黯然失色。值得注意的是，索拉纳（Solana）在同一时期看到了340万美元的流出，这表明资本转向了新的区块链网络。

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.

考虑到宏观经济不确定性的背景，进入加密货币的持续流入就不足为奇了。 Butterfill将数字资产流入的激增归因于几个融合因素。

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货币供应的增加，对美国停滞的担忧以及美国各州最近将比特币视为战略储备资产的政策动作。这些发展的结合似乎是加强对加密货币暴露的机构兴趣。

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.

该报告还指出，美国领导了所有市场，流入了8.4亿美元，而德国的流入为4450万美元，澳大利亚的流入量为10020万美元。相比之下，加拿大和香港的外流分别为800万美元和430万美元。

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

地理差异可能反映了各个司法管辖区的不同水平的投资者情绪，监管清晰度和机构产品的可用性。

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.

该报告总结说，机构投资者越来越多地将数字资产视为反对法定贬值和经济波动的对冲，这种观点正在被美国承认比特币作为储备资产和更广泛的菲亚特流动性上的较广泛提升的发展所强化的。

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

尽管比特币继续主导流动，但诸如SUI之类的新资产的绩效强调了对区块链基础设施替代方案的兴趣日益增长。如果这种趋势持续存在，基金经理可能会越来越多地超越传统的前两个数字资产