Huobi Founder Launches $1 Billion Ethereum Trust for Institutional Investors

Huobi founder Li Lin is set to launch a groundbreaking $1 billion Ethereum digital asset trust, specifically targeting institutional investors. This initiative has garnered significant backing from prominent figures in the crypto industry, including Shen Bo, Xiao Feng, and Cai Wensheng. The trust’s development underscores growing institutional interest in Ethereum as it seeks to reshape market dynamics.