传统和加密货币市场的风险胃口本周急剧上升

在5月21日，唐纳德·特朗普（Donald Trump）确认俄罗斯与乌克兰正在进行的停火谈判之后的两天，比特币（BTC）超过了历史最高的高潮

A new report from digital asset manager CoinShares has revealed that US-based crypto investment products managed to attract an impressive year-to-date total of over $7.5 billion in 2025.

数字资产经理Coinshares的一份新报告显示，总部位于美国的加密投资产品在2025年吸引了令人印象深刻的年龄超过75亿美元。

Breaking down the latest figures, CoinShares highlighted that the latest week saw a fifth round of net positive inflows into US crypto funds, highlighting a strong recovery in investor appetite for risk assets such as cryptocurrencies.

Coinshares分解了最新数据，强调了最新一周的净积极流入为美国加密基金，这强调了投资者对加密货币等风险资产的胃口的强烈恢复。

The latest figures come as the White House announced a 90-day pause on additional tariffs, rolling back a 24% cut for both the US and China in May 12.

最新的数字是因为白宫宣布对额外的关税进行90天的停顿，并在5月12日为美国和中国削减了24％的削减。

Coinbase exchange saw 9,739 Bitcoin withdrawn from the exchange, which is the highest net outflow recorded in 2025. According to Bitwise’s head of European research, André Dragosch, this signals that institutional appetite is accelerating.

Coinbase Exchange从交易所撤出了9,739个比特币，这是2025年记录的最高净流出。根据Bitwise的欧洲研究负责人AndréDragosch的说法，这表明机构食欲正在加速。

After nearly $7 billion in outflows during February and March, driven by the banking crisis and the emerging threat of a US default, the US saw a net outflow of over $4 billion in the first quarter of 2025.

在2月和3月的近70亿美元的流出率在银行危机和新兴的美国违约威胁的驱动下，美国在2025年第一季度的净流出超过40亿美元。

However, investor demand for risk assets staged a significant recovery in April and May, particularly following the announcement of a 90-day pause on additional tariffs.

但是，投资者对风险资产的需求在4月和5月上课，尤其是在宣布额外关税的90天停顿之后。

The latest figures mark the fifth consecutive week of net positive flows into US-based crypto funds, continuing a trend that began in late March with a week of outflows, followed by a week of inflows, and then another week of outflows.

最新的数字标志着连续第五周的净积极流动到总部位于美国的加密货币基金，延续了3月下旬的趋势，其中一周的流出，随后是一周的流入，然后再流出了一周。

The United States accounted for the bulk of inflows, with $681 million, followed by Germany at $86.3 million and Hong Kong at $24.4 million.

美国的流入量为6.81亿美元，其次是德国为8630万美元，香港为2440万美元。

Among individual cryptocurrencies, Bitcoin saw outflows for a second week, totaling $10 million, while Solana saw inflows of $3.3 million.

在个别的加密货币中，比特币看到了第二周的流出，总计1000万美元，而Solana的流出量为330万美元。

Overall, the report indicates a shift in investor preference towards cryptocurrencies as a viable asset class, especially amid concerns over fiat currency devaluation and the search for yield in a low-interest-rate environment.

总体而言，该报告表明，投资者对加密货币作为可行资产类别的偏好转变，尤其是在对菲亚特货币贬值的担忧和在低利率环境中寻求收益的担忧。