Li Lin Launches $1 Billion Ether Trust with Key Investors
- Li Lin, founder of Huobi, is leading a new $1 billion trust focused on Ether.
- The initiative includes prominent figures such as Shen Bo, Xiao Feng, and Cai Wensheng.
- Approximately $200 million is contributed by Avenir Capital and $500 million from institutional investors.
- Discussions are underway to potentially acquire a Nasdaq-listed company for structuring the trust.
- Currently, there are about $16.9 billion in Ether held by publicly listed treasury companies.
This move aims to attract institutional interest in Ether, following the success of Bitcoin exchange-traded funds (ETFs) in the U.S. The formal announcement regarding this venture is expected soon.
Li Lin’s new trust has already secured commitments totaling around $1 billion, highlighting significant backing from both individual and institutional investors in the digital asset space.(Source)
