๐จ Tether Co-founder & Ex-Blackstone Exec Join Forces for $1B Crypto Fund
๐ In a bold move signaling growing institutional confidence in digital assets, Tether Co-founder Reeve Collins and former Blackstone exec Chinh Chu are reportedly raising up to $1 billion via a SPAC to launch a crypto treasury fund.
๐ข The fund will focus on three of the most prominent crypto assets:
โ๏ธ Bitcoin (BTC)
โ๏ธ Ethereum (ETH)
โ๏ธ Solana (SOL)
๐ก Why this matters:
โซ๏ธ A fusion of traditional finance & Web3 vision
โซ๏ธ Crypto adoption is shifting from speculation to structured, large-scale investment vehicles
โซ๏ธ Reinforces the long-term thesis for $BTC , $ETH , and $SOL as core digital assets
๐ With names like Collins and Chu behind it, this fund could redefine crypto treasury models and signal the next phase of institutional adoption.
๐ข Are we witnessing the rise of a new Wall StreetโWeb3 powerhouse?
#CryptoFund #Bitcoin #Ethereum #Solana #Tether
https://coingape.com/tether-co-founder-to-raise-1b-for-bitcoin-ethereum-solana-crypto-fund/