Ethereum sees significant outflows as Solana and XRP shine amid $352M outflow

Core Insights - Investment activity in crypto funds experienced a significant slowdown, with total outflows reaching $352 million for the week ending September 6, despite favorable US economic indicators [1][2] - Ethereum faced substantial outflows of $912 million, overshadowing Bitcoin's inflows of $524 million, indicating a negative sentiment towards Ethereum [4] - Year-to-date inflows for the crypto market stand at $35.2 billion, which is 4.2% higher than the total for the previous year [3] Investment Trends - The overall market sentiment remains positive in the long term, despite a 27% drop in weekly trading volumes, suggesting reduced investor willingness to commit new capital [2] - Solana and XRP continue to attract institutional interest, with Solana recording $16.1 million in weekly inflows and XRP-focused funds adding $14.7 million [5][6] Regional Analysis - US investors led the market in redemptions, contributing $440 million to the outflows, while Germany topped the inflow chart with $85.1 million [7][8] - Other regions such as Sweden, Switzerland, Canada, Brazil, and Australia also showed varying levels of capital movements, with modest contributions from Canada ($4.1 million), Brazil ($3.5 million), and Australia ($2.1 million) [8]