Yunfeng Financial Invests $44 Million in Ethereum, Signaling Institutional Interest

Hong Kong-based investment firm Yunfeng Financial has made a significant move by purchasing 10,000 ETH worth around $44 million. This purchase is notable as it’s linked to Jack Ma, founder of Alibaba and a key associate of Yunfeng Financial, suggesting a growing trust in Ethereum’s potential. This investment signals an increasing level of institutional involvement in the Ethereum ecosystem.