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Wall Street just poured nearly $90 million into altcoins as XRP, SOL and HYPE rip higher

Wall Street just poured nearly $90 million into altcoins as XRP, SOL and HYPE rip higher

US-listed crypto exchange-traded funds outside Bitcoin and Ethereum drew nearly $90 million last week. Investors followed a sharp market rally into XRP, Solana, Chainlink and Hyperliquid.

XRP products led the group with $39.78 million of net inflows in the week ended Aug. 21, their strongest showing since the week ended May 15, when they attracted about $60.5 million.

Solana funds followed with $28.34 million, while Chainlink and Hyperliquid products added $13.35 million and $3.89 million, respectively.

Data from SoSoValue shows that the rally broadened. The ETF rebound was dominated by Bitcoin and Ethereum. Spot Bitcoin funds pulled in $1.92 billion during the week, and Ethereum products added about $697 million, taking their combined haul to $2.61 billion, the strongest since October 2025 and their best week of 2026.

The smaller funds captured only a fraction of that capital, but their inflow streaks extended as the rally spread beyond the two largest cryptocurrencies.

XRP climbed roughly 50% from below $1 during the week to as high as $1.60. It retreated to $1.49 as of press time. Solana jumped about 24% and briefly traded above $100 for the first time since February. It then slipped back to around $93.

XRP and Solana reclaim May flow highs

XRP’s $39.78 million intake extended its run of positive weekly flows to six. The products attracted about $72 million over that period.

The latest allocations pushed cumulative net inflows since the U.S. products launched to roughly $1.55 billion. Weekly trading volume also reached a record $271.74 million. That activity accelerated alongside XRP’s price breakout.

The last comparable surge came in the week ended May 15, when XRP funds drew about $60.5 million even as Bitcoin and Ethereum products were suffering withdrawals.

Solana funds have built an even longer streak. Their $28.34 million intake marked an eighth consecutive positive week. It was the largest weekly inflow since roughly $58 million entered the products in mid-May.

The eight-week run has brought in about $56.3 million, lifting cumulative net inflows to around $1.19 billion.

That demand has strengthened as SOL recovers from a prolonged downturn. The token’s move above $100 last week returned it to levels last seen in February, though it surrendered part of the advance over the weekend.

Hyperliquid gets a Washington boost

Meanwhile, the rally also reached newer and smaller ETF categories.

Hyperliquid funds attracted $3.89 million for a third consecutive positive week, taking inflows over the three-week stretch to nearly $10 million. Cumulative net inflows now stand near $287 million, while assets in the products climbed above $350 million as HYPE rallied.

HYPE hit a record of about $82 during the week before easing to $79 as of press time. President Donald Trump used an Aug. 19 White House meeting with crypto executives to highlight efforts to establish a legal route for Hyperliquid to operate in the US. That added a policy catalyst to the move.

Trump also urged Congress to advance crypto market-structure legislation during the meeting, adding to a string of regulatory signals that helped lift digital-asset prices during the week.

Chainlink funds recorded their strongest resurgence since launch. Their $13.35 million weekly inflow was the largest since the products attracted about $48 million during their debut week, pushing cumulative net inflows to roughly $142 million.

LINK gained about 22% during the week, touching $12 for the first time since January before retreating to $11.40.

Demand further down the ETF market remained modest. Avalanche products attracted about $1.3 million, Hedera funds drew roughly $848,000, and Dogecoin ETFs added $654,416.

Together, the flows show the institutional bid spreading deeper into the crypto market after months in which allocations outside Bitcoin and Ethereum were comparatively subdued.

The roughly $90 million entering those products remains small beside the $2.61 billion absorbed by Bitcoin and Ethereum ETFs. Still, longer inflow streaks and sharply higher token prices marked the broadest participation in the rally so far.

The post Wall Street just poured nearly $90 million into altcoins as XRP, SOL and HYPE rip higher appeared first on CryptoSlate.

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