Huobi Founders and Crypto Elites to Launch $1B Ether Trust Strategy
Ethereum is about to receive a major boost from Asia’s key industry players. As per recent reports, Huobi founder Li Lin is teaming up with top crypto magnates, including Fenbushi Capital’s Shen Bo, HashKey’s Xiao Feng, and Meitu’s Cai Wensheng, to establish a $1 billion Ether Trust Strategy. This underscores the growing influence of ETH among Asia’s institutional giants.
Asia’s Industry Leaders to Launch $1B Ether Trust Strategy
Huobi founder Li Lin, now chairman of Avenir Capital, has reportedly amassed $1 billion for a new Ether Trust Strategy. According to a recent Bloomberg report, Li has partnered with Fenbushi Capital’s Shen Bo, HashKey CEO Xiao Feng, and Meitu founder Cai Wensheng to launch an Ether accumulation strategy via a Nasdaq-listed shell company.
The fundraising includes $500 million from HongShan Capital Group and $200 million from Avenir, with the trust expected to be officially announced in the coming weeks. The team’s goal is to introduce a compliant investment vehicle that steadily accumulates ETH and associated tokens as institutional appetite for crypto continues to grow.
