Cryptocurrency investment products continued to attract capital last week, despite ongoing volatility in major digital assets like Bitcoin and Ether.

尽管比特币和以太币等主要数字资产持续波动，但上周加密货币投资产品仍在继续吸引资本。

Global crypto exchange-traded products (ETPs) saw inflows of $1.03 billion for the trading week ending July 4th, according to a report released Monday by CoinShares.

根据Coinshares周一发布的一份报告，全球加密交易所交易产品（ETP）在截至7月4日的交易周中流入了10.3亿美元。

These new inflows propelled crypto ETPs to break their year-to-date (YTD) inflow records, establishing a new all-time high just shy of $19 billion, stated James Butterfill, Head of Research at CoinShares.

Coinshares的研究主管James Butterfill表示，这些新的流入推动了加密ETP，以打破其年初至今的流入记录，建立了新的历史最高高位。

Assets under management (AUM) in crypto ETPs also reached a new peak of $188 billion, up from $184.4 billion the previous week.

Crypto ETP的管理资产（AUM）也达到了1.88亿美元的新峰值，高于上周的1844亿美元。

Bitcoin Dominates Inflows with $790 Million

比特币以7.9亿美元的价格主导流入

Bitcoin (BTC) ETPs were the primary driver of inflows last week, accounting for $790 million, or 76% of the total crypto ETP inflows.

比特币（BTC）ETP是上周流入的主要驱动力，占7.9亿美元，占加密ETP总流入量的76％。

However, Butterfill pointed out that BTC ETP inflows have moderated compared to the previous three weeks, which saw an average of $1.5 billion in weekly inflows.

但是，Butterfill指出，与前三周相比，BTC ETP流入已经缓和，平均每周流入为15亿美元。

Crypto ETP flows by asset as of July 4 (in millions of US dollars). Source: CoinShares

截至7月4日，加密ETP通过资产流动（数百万美元）。资料来源：Coinshares

“The moderation in inflows suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels,” he explained.

他解释说：“流入的节制表明，随着比特币接近其历史最高价格水平，投资者变得越来越谨慎。”

Is There a Shift to Ether ETFs?

向以太ETF有转变吗？

Ether (ETH) ETPs followed with $225 million of inflows, marking their eleventh consecutive week of inflows.

Ether（ETH）ETP随后出现了2.25亿美元的流入，标志着他们连续第11周的流入。

“On a proportional basis, weekly inflows during this run have averaged 1.6% of AUM, significantly higher than Bitcoin’s 0.8%,” Butterfill noted, indicating a "notable shift in investor sentiment in favour of Ethereum.”

Butterfill指出：“以成比例的基础，这次运行中的每周流入平均占AUM的1.6％，显着高于比特币的0.8％。”

BlackRock's crypto funds handled the majority of crypto inflows last week, accounting for $436 million, or 42% of all inflows by issuers.

贝莱德（Blackrock）的加密基金上周处理了大多数加密货币流入，占4.36亿美元，或发行人所有流入的42％。