Investor confidence in Ethereum (ETH) increased following the Shapella upgrade, leading to $17 million worth of inflows into ETH-based investment products during the week of April 17-23, according to CoinShares' weekly report. However, overall crypto investment tools recorded a $30 million loss during the previous week, with Bitcoin (BTC) seeing $53.1 million in outflows. Ripple (XRP) also contributed to the outflows, losing $400,000. North America led the BTC sell-offs, with Canada recording $32 million in outflows and the US recording another $21.9 million. Meanwhile, Germany emerged as the leading country in inflows, adding $28.7 million to the market.

(By Zeynep Geylan)