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The initiative is designed as a digital asset trust to accumulate and hold ether, tapping into a surge in institutional. Backed by hongshan capital, fenbushi capital, hashkey group, and meitu founder cai wensheng, the trust aims to accumulate eth and expand institutional exposure to ethereum. Huobi founder li lin is leading a $1 billion ether trust backed by top asian investors
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The move signals asia’s growing role in ethereum’s institutional adoption story Huobi’s li lin leads a $1b ether trust with asia’s top crypto investors to tap into growing institutional demand for ethereum. Li lin’s $1 billion ethereum bet huobi.
Huobi founder li lin has joined forces with some of asia’s earliest ethereum backers to launch a $1 billion digital asset trust aimed at accumulating ether (eth).
