{"id":557359,"date":"2026-08-23T22:10:58","date_gmt":"2026-08-23T21:10:58","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=557359"},"modified":"2026-08-23T13:41:43","modified_gmt":"2026-08-23T12:41:43","slug":"wall-street-just-poured-nearly-90-million-into-altcoins-as-xrp-sol-and-hype-rip-higher","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/wall-street-just-poured-nearly-90-million-into-altcoins-as-xrp-sol-and-hype-rip-higher\/","title":{"rendered":"Wall Street just poured nearly $90 million into altcoins as XRP, SOL and HYPE rip higher"},"content":{"rendered":"

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

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.<\/p>\n

Solana funds followed with $28.34 million, while Chainlink and Hyperliquid products added $13.35 million and $3.89 million, respectively.<\/p>\n

Data<\/a> from SoSoValue shows that the rally broadened. The ETF rebound was dominated by Bitcoin and Ethereum.<\/a> 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.<\/p>\n

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

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.<\/p>\n

XRP and Solana reclaim May flow highs<\/h2>\n

XRP\u2019s $39.78 million intake extended its run of positive weekly flows to six. The products attracted about $72 million over that period.<\/p>\n

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\u2019s price breakout<\/a>.<\/p>\n

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

Solana funds<\/a> 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.<\/p>\n

The eight-week run has brought in about $56.3 million, lifting cumulative net inflows to around $1.19 billion.<\/p>\n

That demand has strengthened as SOL recovers from a prolonged downturn. The token\u2019s move above $100 last week returned it to levels last seen in February, though it surrendered part of the advance over the weekend.<\/p>\n

Hyperliquid gets a Washington boost<\/h2>\n

Meanwhile, the rally also reached newer and smaller ETF categories.<\/p>\n

Hyperliquid funds<\/a> 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.<\/p>\n

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

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.<\/p>\n

Chainlink<\/a> 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.<\/p>\n

LINK gained about 22% during the week, touching $12 for the first time since January before retreating to $11.40.<\/p>\n

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

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.<\/p>\n

The roughly $90 million entering those products remains small beside the $2.61 billion absorbed by Bitcoin and Ethereum ETFs.<\/a> Still, longer inflow streaks and sharply higher token prices marked the broadest participation in the rally so far.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":720,"featured_media":557368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78665,77968,79312,79849,6849],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nWall Street just poured nearly $90 million into altcoins as XRP, SOL and HYPE rip higher<\/title>\n<meta name=\"description\" content=\"XRP and Solana funds posted their strongest inflows since May as altcoin prices surged during the past trading week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/wall-street-just-poured-nearly-90-million-into-altcoins-as-xrp-sol-and-hype-rip-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street just poured nearly $90 million into altcoins as XRP, SOL and HYPE rip higher\" \/>\n<meta property=\"og:description\" content=\"XRP and Solana funds posted their strongest inflows since May as altcoin prices surged during the past trading week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/wall-street-just-poured-nearly-90-million-into-altcoins-as-xrp-sol-and-hype-rip-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-23T21:10:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-23T12:41:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/altcoin-etf-bull-run.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/wall-street-just-poured-nearly-90-million-into-altcoins-as-xrp-sol-and-hype-rip-higher\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/wall-street-just-poured-nearly-90-million-into-altcoins-as-xrp-sol-and-hype-rip-higher\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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