According to Lookonchain data, the wallet '0x61b9', which participated in the initial coin offering of Ethereum (ETH) and had not been active for a long time, transferred 334.7 ETH (about $1.48 million) to another wallet today.
The concerned investor invested only $104 during the initial coin offering in 2014 and made a profit of 334.7 Ethereum. After ten years, the value of these assets reached $1.48 million, equivalent to a return of 14,269 times.
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Meanwhile, the exchange-traded funds (ETFs) for Bitcoin and Ethereum in the United States have seen significant developments. Last week, the Ethereum ETFs experienced the highest weekly inflows and trading volume in history. The total trading volume for Ethereum ETFs reached $18.2 billion, approaching the Bitcoin ETFs trading volume of $21.2 billion.
As of Friday, the Bitcoin ETFs traded on the US exchanges recorded net outflows of $14.13 million, ending a seven-day streak of inflows. However, the leading Bitcoin ETF, IBIT, managed by BlackRock, saw net inflows of $114.4 million. The Grayscale's GBTC fund experienced outflows of $81.8 million, while Ark and 21Shares' ARKB fund saw outflows of $46.7 million.
*This is not investment advice.
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