史无前例的金钱浪潮淹没了加密ETP并打破了所有历史记录

投资者正在远离传统市场。在一周内，33亿美元流入了加密ETP，揭示了向数字资产迈出的新匆忙。

Investors are turning their backs on traditional markets in droves. In one week alone, a staggering $3.3 billion poured into crypto ETPs, highlighting a new rush towards digital assets.

投资者正在以斗争的方式转向传统市场。仅在一个星期内，一笔惊人的33亿美元就涌入了加密ETP，突出了向数字资产迈出的新匆忙。

Together these products have now seen $10.8 billion in 2025, breaking records. But what explains this sudden enthusiasm? And will it endure?

这些产品在2025年共同创下了108亿美元，打破了记录。但是是什么解释了这种突然的热情呢？它会忍受吗？

Unprecedented wave of money fl ows into crypto ETPs and breaks all historical records

史无前例的货币浪潮涌入加密ETP并打破了所有历史记录

In the first quarter of 2025, investment products linked to cryptocurrencies saw a strong capital outflow, with a total of $7.2 billion since February. This downward trend had raised concerns about the stability of crypto ETPs.

在2025年第一季度，与加密货币相关的投资产品出现了强劲的资本流出，自2月以来总计72亿美元。这种下降趋势引起了人们对加密ETP的稳定性的担忧。

But a spectacular reversal occurred recently, with a weekly inflow of $3.3 billion pushing annual inflows to $10.8 billion. This massive flow has also pushed assets under management to $187.5 billion, a record level since the creation of these products. An impressive momentum suggesting a renewed confidence by investors in crypto assets, despite economic turbulence and uncertainties in traditional markets.

但是最近发生了壮观的逆转，每周的33亿美元流入将年流入至108亿美元。自创建这些产品以来，这种大量流量也将管理资产推向了1875亿美元，这是创纪录的水平。令人印象深刻的动力表明，尽管经济动荡和传统市场中的不确定性，投资者对加密资产的信心重新增强。

Bitcoin breaks records, Ethereum rebounds, XRP plunges: the big gap among cryptocurrencies

比特币中断记录，以太坊篮板，XRP暴跌：加密货币之间的巨大差距

Unsurprisingly, Bitcoin leads the dance with $2.9 billion in weekly inflows, nearly a quarter of this year’s fl ows. A strong performance that follows a record-breaking quarter, with $11.3 billion in the first three months of 2025.

毫不奇怪，比特币以29亿美元的每周流入率带领舞蹈，今年近四分之一。在创纪录的季度之后，表现出色，在2025年的前三个月中，有113亿美元。

While often sidelined, Ethereum is making a comeback with a fifth consecutive week of gains, for a total of $326 million. A positive dynamic that contrasts with the beginning of the year, during which these products suffered outflows for 12 consecutive weeks.

以太坊经常出现，但连续第五周卷土重来，总计3.26亿美元。一种积极的动态，与年初形成鲜明对比，在此期间，这些产品连续12周遭受流出。

In contrast, XRP products are facing $37.2 million in outflows, ending an impressive 80-week streak of uninterrupted inflows. A reversal that follows a period of strong outperformance, as these products had already recorded net outflows for the first time in November 2024. A shift linked to changes in investor perception, sensitive to regulatory signals and unmet promises from the crypto project.

相比之下，XRP产品面临3720万美元的外流，结束了令人印象深刻的80周不间断流入。逆转之后的逆转较高，因为这些产品在2024年11月已经首次记录了净流出。与投资者感知变化的变化有关，对监管信号的变化以及Crypto Project的未满足承诺敏感。

Cracks in the American economy push capital towards safe-haven crypto ETPs

美国经济的裂缝将资本推向了安全的加密ETP

This $3.3 billion influx in one week into crypto ETPs is not without cause. It takes place in an uncertain economic climate:

在加密ETP的一周内，这笔33亿美元的涌入并非没有原因。它发生在不确定的经济环境中：

* A default by the United States appears increasingly likely, a scenario that would have devastating consequences for the global economy.

*美国的违约似乎越来越有可能，这种情况会对全球经济产生毁灭性后果。

* The American administration is juggling a delicate balance in its attempt to raise the debt ceiling and avoid a shutdown of the federal government.

*美国政府在试图提高债务上限并避免关闭联邦政府的企图时，正在努力平衡。

* Meanwhile, the Federal Reserve is expected to maintain its current monetary policy despite rising inflation.

*同时，尽管通货膨胀率上升，但预计美联储仍将维持其当前的货币政策。

All these signals shake confidence in the traditional pillars of finance.

所有这些信号都动摇了对金融传统支柱的信心。

Faced with these shocks, digital assets appear as a dam against the storm. Capital fl ows in, not merely due to technological appeal,

面对这些冲击，数字资产似乎是针对暴风雨的大坝。资本流入，不仅是由于技术吸引力，而且

A crypto ETP is no longer an exotic product reserved for pioneers: it becomes a serious option in the wealth management arsenal.

加密ETP不再是为先驱保留的外来产品：它成为财富管理库中的一个严肃选择。