Chinese Exchange Founder Announces $1 Billion Ethereum (ETH) Investment

Li Lin, founder of Huobi exchange and chairman of Avenir Capital, is preparing to establish a $1 billion digital asset trust with leading Asian Ethereum ￰0￱ to sources, the new trust will focus on Ethereum (ETH) purchases and aims to offer a regulated investment vehicle to institutional ￰1￱ Lin, the project also includes early Chinese crypto pioneers such as Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu ￰2￱ Cai ￰3￱ team plans to acquire a Nasdaq-listed shell company to facilitate the structure, according to the ￰4￱ $1 billion in total funding has been raised, with $200 million reportedly coming from Li Lin's Avenir Capital and $500 million from Asian-based institutional investors like HongShan Capital ￰5￱ are ongoing, and plan details are subject to ￰6￱ News: BREAKING: Ripple (XRP) Announces New $1 Billion Acquisition Deal The new fund aims to offer regulated investment in Ethereum and related assets, amid growing demand for institutional access to digital assets following the surge in interest in Bitcoin ETFs in the U.

S. A formal announcement of the trust is expected within the next two to three ￰7￱ Lin sold Huobi, which he founded in 2013, to Justin Sun after China's 2021 cryptocurrency ban and later founded Hong Kong-based investment firm Avenir ￰8￱ is now one of the largest Bitcoin ETF investors in Asia and manages over $1 billion in ￰9￱ Bo, Xiao Feng, and Cai Wensheng, who were among the early supporters of Ethereum, have been shaping the new investment strategies of Chinese crypto elites by turning to offshore and regulated investment vehicles in recent years. *This is not investment ￰10￱ Reading: Chinese Exchange Founder Announces $1 Billion Ethereum (ETH) Investment