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Ethereum Inflows Slow Following Shanghai Upgrade, Exchanges See Ether Influx

According to a report from CoinShares, Ethereum-linked products saw little investment interest with inflows of around $300,000 in the week ending April 14, despite the recent upgrade of the blockchain. In contrast, Bitcoin received the lion’s share of $104 million, marking the fourth week in a row of inflows, which CoinShares believes is a flight to safety by investors fearful of ongoing challenges in traditional finance. On-chain analysis company CryptoQuant showed that during the period between April 13 and 17, cryptocurrency exchanges saw a net inflow of about 131,395 Ether ($273.3 million), with over 1.46 million Ether transferred to the exchanges, typically indicating selling intention from crypto holders. (forkast)

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