US-Listed Altcoin ETFs See Inflows Amid Broader Market Rally

US-listed crypto exchange-traded funds outside of Bitcoin and Ethereum recorded nearly $90 million in net inflows for the week ended Aug. 21. This activity coincided with a market rally that saw investors allocate capital toward XRP, Solana, Chainlink, and Hyperliquid products.

XRP funds led the group with $39.78 million in net inflows, marking their strongest performance since the week ended May 15. This intake extended a six-week streak of positive flows, totaling approximately $72 million. During the same period, XRP prices rose from below $1 to a high of $1.60 before retreating to $1.49. Weekly trading volume for these products reached a record $271.74 million.

Solana funds secured $28.34 million in inflows, marking an eighth consecutive week of positive results. This streak has brought in about $56.3 million, with cumulative net inflows reaching approximately $1.19 billion. Solana prices climbed roughly 24% during the week, briefly trading above $100 for the first time since February before settling near $93.

Hyperliquid products attracted $3.89 million, marking a third consecutive week of inflows. Assets in these products rose above $350 million as the token reached a record of about $82. A meeting on Aug. 19 between President Donald Trump and crypto executives, where the administration highlighted efforts to establish a legal route for Hyperliquid in the US, served as a policy catalyst for the asset.

Chainlink funds saw their strongest resurgence since their debut week, recording $13.35 million in inflows. The token gained about 22%, reaching $12 for the first time since January. Other smaller funds also saw modest activity, with Avalanche attracting $1.3 million, Hedera drawing roughly $848,000, and Dogecoin ETFs adding $654,416.

While these inflows indicate that institutional interest is spreading beyond the largest assets, they remain small compared to the $2.61 billion attracted by Bitcoin and Ethereum ETFs during the same week. The disparity in volume raises questions regarding the depth of the rally in smaller altcoin markets.