<h2><strong>关键要点</strong></h2>
<p><em>数字资产流出 2.23 亿美元，结束了 14 周的连续流入。比特币承受了主要压力，而以太坊则继续吸引资金流入。</em></p>
<hr/>
<p>截至 8 月 2 日的一周，数字资产投资产品录得 2.23 亿美元的净流出，这是连续 14 周流入后的首次回撤。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/3B3EEB8D-B262-4DE8-90C2-E3961468BDD5.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/3B3EEB8D-B262-4DE8-90C2-E3961468BDD5.webp"/></p>
<p>来源：CoinShares</p>
<p>这一周以 8.83 亿美元的流入强劲开局，但随着总加密市场市值下降 9.48%，投资者情绪迅速转变，约 3700 亿美元的市值被抹去。</p>
<p>触发因素？美国联邦储备委员会的鹰派语气。</p>
<h2><strong>鹰派美国政策引发投资者抛售</strong></h2>
<p>抛售是由于美国投资者对鹰派的联邦公开市场委员会（FOMC）报告作出的反应，该报告指出，</p>
<blockquote>
<p>“通货膨胀仍然处于相对高位。”</p>
</blockquote>
<p>在报告发布后，美国投资者抛售了价值 3.83 亿美元的数字资产产品，使得本月迄今的流出总额达到 9.74 亿美元，距离 10 亿美元仅一步之遥。</p>
<p>来自德国、瑞典和巴西的投资者也参与了抛售，共同抛售了价值 8100 万美元的加密产品。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/51DA85CA-BAB7-427F-A10F-A9F06159F464.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/51DA85CA-BAB7-427F-A10F-A9F06159F464.webp"/></p>
<p>来源：CoinShares</p>
<p>比特币 [BTC] 占据了流出的主要部分，录得 4.04 亿美元的净损失，几乎将其本月迄今的流出额削减了一半，降至 8.44 亿美元。</p>
<p>Sui [SUI] 和莱特币 [LTC] 的流出相对较小，各为 100 万美元。</p>
<p>另一方面，以太坊 [ETH] 仍然是一个例外。它录得连续第 15 周的资金流入，增加了 1.339 亿美元，表明投资者偏好向以太坊转移，而非比特币。</p>
<p>与此同时，投资者对索拉纳 [SOL]、瑞波币 [XRP] 和卡尔达诺 [ADA] 的兴趣也增加了 4100 万美元的累计流入。</p>
<h2><strong>黑石逆势而为，积极增持</strong></h2>
<p>尽管大多数机构投资者退出了他们的比特币和以太坊交易所交易基金（ETF）头寸，黑石却采取了相反的做法。</p>
<p>该公司的现货比特币和以太坊 iShares ETF 分别录得 3.553 亿美元和 3.942 亿美元的流入，表明黑石认为这两种资产的交易价格处于折扣状态。</p>
<p>然而，广泛的机构情绪并未反映这一举动。这一周以显著的抛售开始。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Screenshot-2025-08-05-at-10.14.30.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Screenshot-2025-08-05-at-10.14.30.png"/></p>
<p>来源：CoinGlass</p>
<p>根据 CoinGlass 的数据，仅在过去一天内，价值 3.235 亿美元的比特币现货 ETF 被出售。以太坊现货 ETF 部分的撤回幅度更大——创下单日最大流出记录。</p>
<p>持续的抛售压力表明一种广泛的撤资趋势，这可能会对比特币和以太坊的价格造成压力。</p>
<p>尽管如此，市场的长期前景仍然保持稳定。</p>
<p>数字资产产品的管理总资产（AUM）保持在 2150 亿美元，表明这可能是一次暂时的回撤，而非长期的逆转。</p>

ETHE

<p>数字资产经历了 2.23 亿美元的资金流出，结束了连续 14 周的资金流入，主要是由于比特币损失了 4.04 亿美元。此次抛售是由于美国联邦储备委员会发布的鹰派报告引发的，导致整个加密市场市值下降了 9.48%。相比之下，以太坊连续第 15 周实现资金流入，增加了 1.339 亿美元。尽管趋势如此，黑石公司仍积极增持比特币和以太坊 ETF，表明对数字资产的潜在长期看好，管理的总资产保持在 2150 亿美元</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>关键要点</strong></h2>
</div><p><em>Digital assets saw $223 million in outflows, ending a 14-week streak. Bitcoin bore the brunt, while Ethereum continued to attract inflows.</em></p>
<div class="lb-trans"><p><em>数字资产流出 2.23 亿美元，结束了 14 周的连续流入。比特币承受了主要压力，而以太坊则继续吸引资金流入。</em></p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>Digital asset investment products recorded $223 million in net outflows during the week ending the 2nd of August, the first pullback after 14 straight weeks of inflows.</p>
<div class="lb-trans"><p>截至 8 月 2 日的一周，数字资产投资产品录得 2.23 亿美元的净流出，这是连续 14 周流入后的首次回撤。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/3B3EEB8D-B262-4DE8-90C2-E3961468BDD5.webp" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/3B3EEB8D-B262-4DE8-90C2-E3961468BDD5.webp"/></p>
<p>Source: CoinShares</p>
<div class="lb-trans"><p>来源：CoinShares</p>
</div><p>The week began strong with $883 million in inflows, but investor sentiment shifted quickly as the total crypto market cap fell 9.48%, erasing approximately $370 billion.</p>
<div class="lb-trans"><p>这一周以 8.83 亿美元的流入强劲开局，但随着总加密市场市值下降 9.48%，投资者情绪迅速转变，约 3700 亿美元的市值被抹去。</p>
</div><p>The trigger? A hawkish U.S. Federal Reserve tone.</p>
<div class="lb-trans"><p>触发因素？美国联邦储备委员会的鹰派语气。</p>
</div><h2><strong>Hawkish U.S. policy sparks investor sell-off</strong></h2>
<div class="lb-trans"><h2><strong>鹰派美国政策引发投资者抛售</strong></h2>
</div><p>The sell-off was triggered by U.S. investors reacting to a hawkish Federal Open Market Committee (FOMC) report, which stated that,</p>
<div class="lb-trans"><p>抛售是由于美国投资者对鹰派的联邦公开市场委员会（FOMC）报告作出的反应，该报告指出，</p>
</div><blockquote>
<p>“Inflation remains somewhat elevated.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“通货膨胀仍然处于相对高位。”</p>
</blockquote>
</div><p>Following the report, U.S. investors offloaded $383 million worth of digital asset products, pushing the month-to-date outflow to $974 million, just shy of the $1 billion mark.</p>
<div class="lb-trans"><p>在报告发布后，美国投资者抛售了价值 3.83 亿美元的数字资产产品，使得本月迄今的流出总额达到 9.74 亿美元，距离 10 亿美元仅一步之遥。</p>
</div><p>Investors from Germany, Sweden, and Brazil also contributed to the sell-off, collectively dumping $81 million worth of crypto products.</p>
<div class="lb-trans"><p>来自德国、瑞典和巴西的投资者也参与了抛售，共同抛售了价值 8100 万美元的加密产品。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/51DA85CA-BAB7-427F-A10F-A9F06159F464.webp" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/51DA85CA-BAB7-427F-A10F-A9F06159F464.webp"/></p>
<p>Source: CoinShares</p>
<div class="lb-trans"><p>来源：CoinShares</p>
</div><p>Bitcoin [BTC] accounted for the bulk of outflows, recording $404 million in net losses, almost halving its month-to-date outflow of $844 million.</p>
<div class="lb-trans"><p>比特币 [BTC] 占据了流出的主要部分，录得 4.04 亿美元的净损失，几乎将其本月迄今的流出额削减了一半，降至 8.44 亿美元。</p>
</div><p>Sui [SUI] and Litecoin [LTC] saw relatively minor outflows of just $1 million each.</p>
<div class="lb-trans"><p>Sui [SUI] 和莱特币 [LTC] 的流出相对较小，各为 100 万美元。</p>
</div><p>Ethereum [ETH], on the other hand, remained an outlier. It recorded its 15th consecutive week of inflows, adding $133.9 million, suggesting a shift in investor preference toward Ethereum over Bitcoin.</p>
<div class="lb-trans"><p>另一方面，以太坊 [ETH] 仍然是一个例外。它录得连续第 15 周的资金流入，增加了 1.339 亿美元，表明投资者偏好向以太坊转移，而非比特币。</p>
</div><p>Meanwhile, investor interest in Solana [SOL], Ripple [XRP], and Cardano [ADA] added another $41 million in cumulative inflows.</p>
<div class="lb-trans"><p>与此同时，投资者对索拉纳 [SOL]、瑞波币 [XRP] 和卡尔达诺 [ADA] 的兴趣也增加了 4100 万美元的累计流入。</p>
</div><h2><strong>BlackRock defies trend with aggressive accumulation</strong></h2>
<div class="lb-trans"><h2><strong>黑石逆势而为，积极增持</strong></h2>
</div><p>While most institutional investors exited their Bitcoin and Ethereum exchange-traded fund (ETF) positions, BlackRock took the opposite approach.</p>
<div class="lb-trans"><p>尽管大多数机构投资者退出了他们的比特币和以太坊交易所交易基金（ETF）头寸，黑石却采取了相反的做法。</p>
</div><p>The firm’s spot Bitcoin and Ethereum iShares ETFs recorded inflows of $355.3 million and $394.2 million, respectively, suggesting that BlackRock views both assets as trading at a discount.</p>
<div class="lb-trans"><p>该公司的现货比特币和以太坊 iShares ETF 分别录得 3.553 亿美元和 3.942 亿美元的流入，表明黑石认为这两种资产的交易价格处于折扣状态。</p>
</div><p>However, the wider institutional sentiment didn’t mirror this move. The week began with a significant sell-off.</p>
<div class="lb-trans"><p>然而，广泛的机构情绪并未反映这一举动。这一周以显著的抛售开始。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Screenshot-2025-08-05-at-10.14.30.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/Screenshot-2025-08-05-at-10.14.30.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>来源：CoinGlass</p>
</div><p>According to CoinGlass, $323.5 million worth of Bitcoin spot ETFs were sold in the past day alone. The Ethereum spot ETF segment saw an even steeper withdrawal—its single-largest one-day outflow yet.</p>
<div class="lb-trans"><p>根据 CoinGlass 的数据，仅在过去一天内，价值 3.235 亿美元的比特币现货 ETF 被出售。以太坊现货 ETF 部分的撤回幅度更大——创下单日最大流出记录。</p>
</div><p>Continued selling pressure like this signals a broad divestment trend that could weigh on the prices of both Bitcoin and Ethereum.</p>
<div class="lb-trans"><p>持续的抛售压力表明一种广泛的撤资趋势，这可能会对比特币和以太坊的价格造成压力。</p>
</div><p>Still, the market’s longer-term outlook remains intact.</p>
<div class="lb-trans"><p>尽管如此，市场的长期前景仍然保持稳定。</p>
</div><p>The total assets under management (AUM) for digital asset products remain steady at $215 billion, suggesting that this could be a temporary pullback rather than a long-term reversal.</p>
<div class="lb-trans"><p>数字资产产品的管理总资产（AUM）保持在 2150 亿美元，表明这可能是一次暂时的回撤，而非长期的逆转。</p>
</div>

比特币出现 4.04 亿美元的资金流出，而以太坊则连续 15 周资金流入：这背后发生了什么？