Ethereum funds flowed out $912 million in a week! Solana and XRP attracted investment against the trend, sparking market follow.

According to the latest data from CoinShares, as of the week ending September 6, cryptocurrency investment products recorded a net outflow of $352 million, indicating short-term pressure on the market. However, during this wave of capital withdrawal, Ethereum (ETH) experienced a weekly outflow of up to $912 million, becoming the largest drag; at the same time, Solana (SOL) and Ripple (XRP) attracted institutional funds against the trend, recording inflows of $16.1 million and $14.7 million respectively, indicating that capital is concentrating on specific targets.

Overall market capital flow slows down

The CoinShares report pointed out that despite the U.S. economic data and interest rate cut expectations should stimulate risk assets, investor sentiment unexpectedly cooled.

Overall Situation: As of the week of September 6, crypto funds saw a net outflow of $352 million, with trading volume dropping 27% compared to the previous week.

Annual Comparison: Year-to-date inflows have annualized to 35.2 billion USD, still higher than the full-year level of 48.5 billion USD for 2024, indicating that long-term funding remains robust.

Ethereum leads the decline: Outflow of 912 million USD in a week

(Source: CoinShares)

Although Bitcoin products attracted $524 million in inflows during the same week, ETH-linked products experienced seven consecutive days of outflows, totaling $912 million.

Market interpretation: Analysis suggests that this reflects a weakening of confidence among some institutions regarding the short-term trend of ETH, which may be related to recent technical pressures and funds shifting towards other targets.

Long-term trend: Nevertheless, ETH has still recorded an inflow of 11.2 billion dollars this year, indicating that long-term investors have not fully retreated.

Solana and XRP defy the trend to attract funds

In stark contrast to the outflow of funds from ETH, both SOL and XRP recorded positive fund inflows in the same week:

Solana (SOL): Weekly inflow of $16.1 million, maintaining positive value for the 21st consecutive week, with a total annual inflow of $1.16 billion.

Ripple (XRP): Weekly inflow of $14.7 million, total inflow reaches $1.22 billion by 2025.

Underlying reason: Analysts linked this phenomenon to the market's high expectations for the approval of SOL and XRP spot ETFs, with Bloomberg analysts even believing that the approval probability exceeds 90%.

Regional Differences in Capital Flow

The report shows that American investors dominated this round of capital redemption.

Capital outflow: The United States had a net outflow of 440 million dollars, while Sweden and Switzerland saw outflows of 13.5 million dollars and 2.7 million dollars, respectively.

Capital inflow: Germany leads with $85.1 million, followed by Hong Kong ($8.1 million), Canada ($4.1 million), Brazil ($3.5 million), and Australia ($2.1 million).

Conclusion

This week's capital flow in the crypto market shows a clear divergence: Ethereum is facing massive capital outflows, while Solana and XRP continue to attract funds thanks to ETF expectations and market confidence. In the short term, investors should pay attention to whether ETH can stop the outflow trend and whether the capital inflows into SOL and XRP can translate into price breakthrough momentum. For more real-time market data and in-depth analysis, please follow the official Gate platform.