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Altcoins are coming: Three major tokens attract heavy bets from institutions

2026-08-29 00:36:08
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Ethereum (ETH)

Ethereum (ETH) currently leads the institutional altcoin market. In the week ended August 21, the U.S. spot Ethereum ETF attracted approximately $697 million in funding. ETF assets also climbed to approximately US$14.3 billion, with weekly trading volume reaching approximately US$6.9 billion during the same period. Corporate treasury demand constitutes another strong buying pressure. BitMine Immersion Technologies reportedly holds approximately 5.8 million ETH units, worth nearly $14.3 billion at current prices, and controls nearly 5% of Ethereum's total supply. SharpLink has also purchased approximately 870,000 ETH units. Strong institutional demand pushed ETH to exceed US$2400 recently, and Ethereum also outperformed Bitcoin in the recent market rebound.

XRP

XRP has become another big beneficiary of the recent altcoin rotation. In the week ending August 21, the token rose nearly 40%, before falling back to the $1.40 to $1.50 range. Institutional demand is the more important factor behind this market. In the latest week, U.S. XRP investment products attracted approximately US$40 million, setting its best weekly performance since May. Since its launch at the end of 2025, the spot XRP ETF has absorbed approximately US$1.5 billion. These fund flows suggest institutions are continuing to build exposure, even in tough market conditions. This trend is expected to provide stronger support for XRP in subsequent rallies.

Solana (SOL)

Solana (SOL) remains an important institutional alternative in mainstream Layer 1 networks. Since October 2025, the U.S. spot Solana ETF has attracted more than $1 billion in funding. In the week ended August 21, Solana products added approximately $28 million. Several large investment institutions now provide exposure through Solana products, including Bitwise, Fidelity, VanEck and Franklin Templeton. Grayscale and 21Shares also provide institutional Solana exposure. Morgan Stanley launched Solana ETP in July. Treasury strategies add another source of demand to SOL. Strong online activity also keeps Solana attractive to traders and stablecoin issuers.

Ethereum leads the current institutional rotation with strong ETF and treasury demand. Despite recent weak prices, institutional interest continues to grow. Solana combines strong capital inflows with broad support from major financial companies. These tokens are expected to jointly become the core targets of the next round of altcoin rotation.

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