Ethereum is seeing a significant leak as Solana and XRP shine through a $352 million spill

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According to a new report from Coinshares, Crypto Funds’ investment activity slowed sharply in the week ending September 6, with US economic indicators typically reaching $352 million, despite US economic indicators pointing to conditions that promote risk-taking.

James Butterfill, research director at Coinshares, said the decline in employment and growing expectations for the September Federal Reserve cuts should serve as Tailwinds.

Instead, they coincided with a 27% decline in weekly trading volume, indicating that investors are not willing to commit new capital to their digital assets. Despite the recession, long-term market sentiment remains positive.

According to Coinshares, the inflow from the start of the year was $35.2 billion on an annual basis, 4.2% ahead of the market’s total of $48.5 billion last year.

Ethereum spills dominate

Bitcoin products were able to attract $524 million last week, but the entire market picture was dominated by the struggle of Ethereum.

According to Coinshares, investors removed $912 million from Eslink products, expanding their daily withdrawal patterns across multiple issuers for seven consecutive days.

The set-off reflects slow emotions surrounding digital assets, despite the annual inflows remaining strong at $11.2 billion.

Weekly flow of crypto assets
Weekly flow of the week ending September 6th (Source: Coin Share)

In contrast, other major altcoins, such as XRP and Solana, continue to attract stable interest, indicating that institutional appetite remains large for these products.

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During the reporting period, Solana recorded a weekly inflow of $16.1 million, marking the 21st consecutive plus week, bringing the year’s total to $1.16 billion. Conversely, the XRP-focused fund added $14.7 million in fresh capital, boosting the 2025 inflow to $1.22 billion.

Analysts link this consistent activity to speculation surrounding the final approval of Spot ETFs linked to both assets. In particular, Bloomberg analysts have assigned a 90% or more chance of this event.

US investors are leading market redemption

Capital movements were varied throughout the region as US investors led redemptions in the market.

According to Coinshares, the US led the global spill with $440 million, while Sweden and Switzerland recorded $13.5 million and $2.7 million redemptions.

At the same time, Germany surpassed the inflow chart at $85.1 million, followed by Hong Kong at $8.1 million. Investors in Canada, Brazil and Australia added modest contributions of $4.1 million, $3.5 million and $2.1 million, respectively.

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