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

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August 23, 2026
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US-listed crypto exchange-traded funds outdoors Bitcoin and Ethereum drew nearly $90 million final week. Buyers adopted a pointy market rally into XRP, Solana, Chainlink and Hyperliquid.

XRP merchandise led the group with $39.78 million of web inflows within the week ended Aug. 21, their strongest exhibiting for the reason that week ended Might 15, once they attracted about $60.5 million.

Solana funds adopted with $28.34 million, whereas Chainlink and Hyperliquid merchandise added $13.35 million and $3.89 million, respectively.

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

The smaller funds captured solely a fraction of that capital, however their influx streaks prolonged as the rally unfold past the 2 largest cryptocurrencies.

XRP climbed roughly 50% from beneath $1 throughout the week to as excessive as $1.60. It retreated to $1.49 as of press time. Solana jumped about 24% and briefly traded above $100 for the primary time since February. It then slipped again to round $93.

XRP and Solana reclaim Might circulate highs

XRP’s $39.78 million consumption prolonged its run of optimistic weekly flows to 6. The merchandise attracted about $72 million over that interval.

The newest allocations pushed cumulative web inflows for the reason that U.S. merchandise launched to roughly $1.55 billion. Weekly buying and selling quantity additionally reached a document $271.74 million. That exercise accelerated alongside XRP’s price breakout.

The final comparable surge got here within the week ended Might 15, when XRP funds drew about $60.5 million even as Bitcoin and Ethereum merchandise had been struggling withdrawals.

Solana funds have constructed a good longer streak. Their $28.34 million consumption marked an eighth consecutive optimistic week. It was the biggest weekly influx since roughly $58 million entered the merchandise in mid-Might.

The eight-week run has introduced in about $56.3 million, lifting cumulative web inflows to round $1.19 billion.

That demand has strengthened as SOL recovers from a protracted downturn. The token’s transfer above $100 final week returned it to ranges final seen in February, although it surrendered a part of the advance over the weekend.

Hyperliquid will get a Washington enhance

In the meantime, the rally additionally reached newer and smaller ETF classes.

Hyperliquid funds attracted $3.89 million for a 3rd consecutive optimistic week, taking inflows over the three-week stretch to nearly $10 million. Cumulative web inflows now stand close to $287 million, whereas property within the merchandise climbed above $350 million as HYPE rallied.

HYPE hit a document of about $82 throughout the week earlier than easing to $79 as of press time. President Donald Trump used an Aug. 19 White House meeting with crypto executives to spotlight efforts to ascertain a authorized route for Hyperliquid to function within the US. That added a coverage catalyst to the transfer.

Trump additionally urged Congress to advance crypto market-structure laws throughout the assembly, including to a string of regulatory indicators that helped carry digital-asset costs throughout the week.

Chainlink funds recorded their strongest resurgence since launch. Their $13.35 million weekly influx was the biggest for the reason that merchandise attracted about $48 million throughout their debut week, pushing cumulative web inflows to roughly $142 million.

LINK gained about 22% throughout the week, touching $12 for the primary time since January earlier than retreating to $11.40.

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

Collectively, the flows present the institutional bid spreading deeper into the crypto market after months by which allocations outdoors Bitcoin and Ethereum had been comparatively subdued.

The roughly $90 million getting into these merchandise stays small beside the $2.61 billion absorbed by Bitcoin and Ethereum ETFs. Nonetheless, longer influx streaks and sharply higher token costs marked the broadest participation within the rally up to now.

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



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