Huobi Founder Launches $1 Billion ETH Trust to Fuel Institutional Adoption

Li Lin, founder of Huobi, has partnered with Fenbushi Capital co-founder Shen Bo and HashKey Group CEO Xiao Feng to launch a new crypto trust dedicated to accumulating and holding substantial quantities of Ethereum. This initiative seeks to position Ethereum as a strategic reserve asset for institutional portfolios, echoing the growing trend of companies integrating digital assets into their balance sheets.