比特币占据主导地位，数字资产投资产品连续第三周流入

由于投资者对美国鸽派货币政策的预期反应积极，数字资产投资产品连续第三周流入，资金总额达12亿美元。

Digital asset investment products saw inflows for the third week in a row, with a total of $1.2 billion, as investors reacted to expectations of a dovish monetary policy in the United States.

由于投资者对美国鸽派货币政策的预期做出反应，数字资产投资产品连续第三周流入，资金总额达12亿美元。

Despite the large inflows, trading volumes fell slightly by 3.1% week-over-week. Assets under management (AuM) increased by 6.2% over the past week.

尽管资金大量流入，交易量仍环比小幅下降 3.1%。过去一周管理资产规模 (AuM) 增长 6.2%。

The inflows were concentrated in the United States and Switzerland, with digital asset products seeing inflows of $1.2 billion and $84 million, respectively, according to CoinShares. The inflows in Switzerland were the highest since mid-2022.

根据 CoinShares 的数据，资金流入主要集中在美国和瑞士，数字资产产品的资金流入分别为 12 亿美元和 8400 万美元。瑞士的资金流入达到 2022 年中期以来的最高水平。

However, contrasting sentiment was observed in other regions, with Germany recording outflows of $21 million, and Brazil seeing $3 million in outflows.

然而，其他地区的情绪却形成鲜明对比，德国的资金外流为 2100 万美元，巴西的资金外流为 300 万美元。

Bitcoin Dominates Inflows as it Gains Traction

比特币在资金流入中占据主导地位，因为它获得了牵引力

Bitcoin led the inflows with a massive $1 billion entering investment products. The positive sentiment surrounding Bitcoin also drove interest in short-bitcoin products, which saw inflows of $8.8 million. This reflects a hedging approach by investors looking to capitalize on both the upside and downside of Bitcoin’s price movements.

比特币以 10 亿美元的巨额资金进入投资产品，引领了资金流入。围绕比特币的积极情绪也带动了人们对做空比特币产品的兴趣，该产品流入了 880 万美元。这反映出投资者希望利用比特币价格走势的上行和下行的机会进行对冲。

Ethereum, which had been experiencing a five-week run of outflows, finally saw a positive shift, recording inflows of $87 million. This marks the first measurable inflows for Ethereum since early August, reflecting renewed investor confidence in the asset.

经历了连续五周资金流出的以太坊终于出现了积极的转变，录得 8700 万美元的流入。这标志着以太坊自 8 月初以来首次出现可衡量的资金流入，反映出投资者对该资产的信心重新焕发。

Among altcoins, sentiment remained mixed. Solana faced outflows amounting to $4.8 million, while Litecoin and XRP saw modest inflows of $2 million and $0.8 million, respectively. On the other hand, Binance and Stacks recorded outflows, with Binance seeing a withdrawal of $1.2 million and Stacks losing $0.9 million.

在山寨币方面，市场情绪依然喜忧参半。 Solana 面临 480 万美元的资金流出，而莱特币和 XRP 分别有 200 万美元和 80 万美元的适度流入。另一方面，Binance 和 Stacks 出现资金流出，其中 Binance 撤资 120 万美元，Stacks 损失 90 万美元。

The week’s inflows highlight a continued positive trend for digital asset investment products, especially Bitcoin and Ethereum, driven by expectations of favorable monetary policy and evolving investment options. However, regional sentiment remained divided, and altcoins experienced mixed reactions, indicating that investors are still discerning in their approach to the broader digital asset market.

本周的资金流入突显了数字资产投资产品（尤其是比特币和以太坊）在有利的货币政策和不断变化的投资选择预期的推动下持续呈现积极趋势。然而，区域情绪仍然存在分歧，山寨币的反应不一，表明投资者在进入更广泛的数字资产市场时仍然保持着敏锐的洞察力。