ETH's price surged above $2,000 after the Upgrade.
Also, the number of withdrawn ETH since the hard fork has topped 1 million tokens.
Reuters
Ether (ETH), the native
cryptocurrency of Ethereum, a decentralized blockchain with smart contract
functionality, attracted only US$0.3 million in digital asset investment product inflow
last week despite the Shapella Upgrade last Wednesday. Additionally, there was 'little
activity' in altcoins except for Polygon, which saw US$2.1 million of outflows last
week.
The Shapella Upgrade, which is also called the Shangial Upgrade, is a hard fork that enabled ETH stakers on Ethereum to withdraw their staked ETH from the Beacon Chain, which is a blockchain that was launched on Ethereum in December 2020. The upgrade is the latest major upgrade to the Ethereum blockchain since the Merge in September last year.
ETH Investment Inflows Lower than Pre-Upgrade
According to the latest Digital
Asset Fund Flows report by CoinShares, Europe’s largest digital asset
investment and trading group, Bitcoin continues to be the almost sole focus of
investors as investment inflows into digital assets reached US$104 million
last week.
In the week before the Upgrade,
CoinShares observed that ETH got only 'relatively minor'
investment inflows, with the figure coming in at US$0.6 million. In other words, the inflow last week is even
smaller than the pre-Upgrade week. Bitcoin during the week generated US$56
million of inflows, representing 98% of all inflows in that week.
Meanwhile, total inflows into
digital asset investment products last week reached US$114 million. CoinShares noted that the figure shows continued improvement in investor sentiment
towards digital assets.
However, the improving sentiment
comes at a time of very low volumes in the Bitcoin market, the report stated. Furthermore, inflows into digital assets over the last month totaled US$345 million, the report said.
“We believe this is a flight to
safety by investors fearful of the ongoing traditional finance challenges.
Opinion remains divided though, with short bitcoin seeing inflows totaling
US$14.6m last week,” CoinShares explained.
ETH Sees Price Rise, Token
Withdrawal Tops 1M
Meanwhile, after the Shapella
Upgrade last Friday, ETH topped $2,000, reaching its highest point since August
2022. In a survey conducted by cryptocurrency exchange OKX before the Upgrade, 63% of respondents (who
are members of Ethereum) said they expect the ETH price to peak at over US$5,000 by
the end of 2023.
As of press time, Ethereum went
down 2.27% in the last 24 hours, according to CoinMarketCap. However, the
native cryptocurrency still maintains its milestone of $2,000-plus. Additionally, the
market cap of the currency currently stands at about $248.6 billion.
ETH's price has remained positive above $2k over the last seven days. Source: CoinMarketCap
Meanwhile, ETH withdrawals
topped 1 million tokens on Sunday, four days after the upgrade on April 12, 2023.
As of press time, beaconcha.in data's
shows that 1.05 million ETH has been withdrawn from the Ethereum-based Beacon Chain,
with 541, 725 withdrawals processed.
Ether (ETH), the native
cryptocurrency of Ethereum, a decentralized blockchain with smart contract
functionality, attracted only US$0.3 million in digital asset investment product inflow
last week despite the Shapella Upgrade last Wednesday. Additionally, there was 'little
activity' in altcoins except for Polygon, which saw US$2.1 million of outflows last
week.
The Shapella Upgrade, which is also called the Shangial Upgrade, is a hard fork that enabled ETH stakers on Ethereum to withdraw their staked ETH from the Beacon Chain, which is a blockchain that was launched on Ethereum in December 2020. The upgrade is the latest major upgrade to the Ethereum blockchain since the Merge in September last year.
ETH Investment Inflows Lower than Pre-Upgrade
According to the latest Digital
Asset Fund Flows report by CoinShares, Europe’s largest digital asset
investment and trading group, Bitcoin continues to be the almost sole focus of
investors as investment inflows into digital assets reached US$104 million
last week.
In the week before the Upgrade,
CoinShares observed that ETH got only 'relatively minor'
investment inflows, with the figure coming in at US$0.6 million. In other words, the inflow last week is even
smaller than the pre-Upgrade week. Bitcoin during the week generated US$56
million of inflows, representing 98% of all inflows in that week.
Meanwhile, total inflows into
digital asset investment products last week reached US$114 million. CoinShares noted that the figure shows continued improvement in investor sentiment
towards digital assets.
However, the improving sentiment
comes at a time of very low volumes in the Bitcoin market, the report stated. Furthermore, inflows into digital assets over the last month totaled US$345 million, the report said.
“We believe this is a flight to
safety by investors fearful of the ongoing traditional finance challenges.
Opinion remains divided though, with short bitcoin seeing inflows totaling
US$14.6m last week,” CoinShares explained.
ETH Sees Price Rise, Token
Withdrawal Tops 1M
Meanwhile, after the Shapella
Upgrade last Friday, ETH topped $2,000, reaching its highest point since August
2022. In a survey conducted by cryptocurrency exchange OKX before the Upgrade, 63% of respondents (who
are members of Ethereum) said they expect the ETH price to peak at over US$5,000 by
the end of 2023.
As of press time, Ethereum went
down 2.27% in the last 24 hours, according to CoinMarketCap. However, the
native cryptocurrency still maintains its milestone of $2,000-plus. Additionally, the
market cap of the currency currently stands at about $248.6 billion.
ETH's price has remained positive above $2k over the last seven days. Source: CoinMarketCap
Meanwhile, ETH withdrawals
topped 1 million tokens on Sunday, four days after the upgrade on April 12, 2023.
As of press time, beaconcha.in data's
shows that 1.05 million ETH has been withdrawn from the Ethereum-based Beacon Chain,
with 541, 725 withdrawals processed.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Kraken–Deutsche Börse Pact Targets Unified Trading Across Crypto, Stocks and Futures
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
