Li Lin, founder of Huobi and chairman of Avenir Capital, has teamed up with early Ethereum investors to launch a $1 billion digital asset trust aimed at institutional accumulation of Ether (ETH). Backed by prominent partners like HongShan Capital and Fenbushi Capital co-founder Shen Bo, this trust will be structured through a Nasdaq-listed shell company to provide regulated exposure to Ethereum. The initiative addresses rising institutional interest after the success of Bitcoin ETFs and anticipates the approval of Ether spot ETFs. This strategic move positions Li Lin and his partners at the forefront of Ethereum’s growing role in institutional finance and the evolving decentralized finance ecosystem.
Continue to read Huobi Founder Li Lin and Partners Secure $1 Billion to Build Institutional Ethereum Trust
Li Lin, founder of Huobi and chairman of Avenir Capital, has teamed up with early Ethereum investors to launch a $1 billion digital asset trust aimed at institutional accumulation of Ether (ETH). Backed by prominent partners like HongShan Capital and Fenbushi Capital co-founder Shen Bo, this trust will be structured through a Nasdaq-listed shell company to provide regulated exposure to Ethereum. The initiative addresses rising institutional interest after the success of Bitcoin ETFs and anticipates the approval of Ether spot ETFs. This strategic move positions Li Lin and his partners at the forefront of Ethereum’s growing role in institutional finance and the evolving decentralized finance ecosystem.
Continue to read Huobi Founder Li Lin and Partners Secure $1 Billion to Build Institutional Ethereum Trust
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