Altcoin Funds Soar as Institutional Interest Grows

The past week saw significant inflows into altcoin funds as cryptocurrency prices continued their upward trend. Around $90 million flowed into such funds, with XRP leading the charge at a 50% increase from recent lows to approximately $1.60 per coin.

Solana funds attracted nearly $28.34 million and Hyperliquid funds received just over $3.89 million, indicating growing interest in these assets beyond Bitcoin and Ethereum.

The news comes as Solana prepares for its Alpenglow upgrade, which is expected to occur between August and October and aims to enhance transaction speed.