These are the 4 Altcoins that investors buy the most after Bitcoin

As the Bitcoin and cryptocurrency market surges, here are four altcoins (other than BTC) that investors are buying the most.

The Bitcoin (BTC) market and cryptocurrencies in general have seen an impressive price increase following Trump's victory, thus the inflow of money into crypto products continues to increase sharply.

CoinShares released its weekly crypto report at the time and said that inflows last week hit a high of $2.2 billion. Of which, inflows in the first half of the week reached $3 billion, however, in the second half of the week, outflows were recorded at $866 million right after Bitcoin hit its all-time high.

While inflows into crypto investment products hit $2.2 billion last week, inflows since the start of the year have hit a record $33.5 billion.

Money flows into Bitcoin and top altcoins are on the rise
When CoinShares analysts looked at individual crypto funds, Bitcoin continued to dominate the market inflows with $1.48 billion. Ethereum (ETH) saw a big change with inflows coming in second at $646 million.

Bitcoin Short Fund inflows also increased with $48.5 million. Additionally, when we look at other altcoins, Solana (SOL) was the biggest surprise with $23.9 million. XRP and Cardano (ADA) followed with inflows of $4.3 million and $3.4 million.

Bitcoin saw $1.48 billion in inflows, but after hitting its latest record price, investors spent $49 million on short-selling Bitcoin investment products.

Ethereum appears to have broken its downtrend as it saw $646 million in inflows, likely due to a combination of Justin Drake’s Beam Chain network upgrade proposal and the recent US elections.

Solana also saw inflows of $24 million.

Looking at the inflows and outflows of regional funds, the United States tops the list with inflows of $2.2 billion. Hong Kong comes in second to the United States with $27 million.

In contrast to this inflow, Sweden suffered an outflow of $58.1 million and Brazil $10.5 million.