Shapeshift founder sells ETH held for 9 years to buy BCH

Erik Voorhees, the founder of cryptocurrency exchange Shapeshift, has sold his nine-year-old ETH holdings to purchase BCH, U.Today reported. Over the past 14 days, Voorhees sold 4,619 ETH and acquired 24,950 BCH. The sale of his ETH holdings generated a profit of over $13.3 million.