ETH News: Huobi Founder to Set up $1B Ether Treasury Firm
Huobi founder Li Lin is leading a new $1 billion digital asset trust to accumulate Ether.Summary
Li Lin, founder of Huobi and chairman of Hong Kong-based Avenir Capital, is spearheading the creation of a new $1 billion trust focused on accumulating and holding Ether. He is collaborating with influential early Ethereum investors, including Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai Wensheng. The venture reportedly involves discussions to acquire a Nasdaq-listed company for structuring and has already secured about $1 billion in commitments, including $200 million from Avenir Capital and $500 million from regional institutional players like HongShan Capital Group. This move follows the success of U.S. Bitcoin ETFs, as digital-asset managers seek to capitalize on institutional interest in Ether.
(Source：CoinDesk)