"Long-Dormant Ethereum Address Springs to Life After 8.5 Years Amidst ETH ETF Speculation"

An Ethereum address dormant for 8.5 years recently became active, transferring 2000 ETH, valued at approximately $506,140, according to Etherscan data. The wallet held ETH purchased between $0.42 to $1.39 in the early days of the cryptocurrency. This coincides with growing speculation about an ETH exchange-traded fund (ETF). ETH has risen 17% in the last week, currently trading at $2,511, marking a staggering 180,558.27% increase from its mining days.

BlackRock CEO Larry Fink expressed interest in an Ethereum ETF, considering it a step toward tokenization. Crypto venture capitalist Vance Spencer anticipates significant milestones in the blockchain industry, including the fourth Bitcoin halving, approval of an Ethereum ETF, and increased institutional adoption by 2024. However, TD Cowen, an investment bank, suggests SEC hurdles could delay Ethereum ETF decisions until at least the May approval deadline.

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