Wall Street Unleashes $90 Million on Altcoins as XRP, SOL, HYPE Soar

Wall Street investors have been pouring money into altcoins, with nearly $90 million entering exchange-traded funds (ETFs) outside of Bitcoin and Ethereum last week. The largest inflows went to XRP products, which drew in $39.78 million, their strongest showing since the week ended May 15.

The rally saw Solana funds attract $28.34 million, while Chainlink and Hyperliquid products added $13.35 million and $3.89 million respectively. The smaller funds have been building streaks of positive weekly flows, with XRP's run extending to six weeks.

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

Hyperliquid funds attracted $3.89 million for a third consecutive positive week, taking inflows over the three-week stretch to nearly $10 million. The rally also saw Chainlink funds record their strongest resurgence since launch, with a weekly inflow of $13.35 million.