Asian Executives Join Forces to Launch $1B Ethereum Trust Fund
Yahoo Financeยท2025-10-17 18:50
A group of Asian executives with deep roots in crypto is setting up a new trust to accumulate Ethereum , with plans to raise around $1 billion. The effort comes as ETH faces price pressure, trading at $3,875 below its 50-day exponential moving average. According to Bloomberg, Li Lin, who founded the Huobi exchange and now chairs Avenir Capital, is driving the project. He has teamed with Shen Bo of Fenbushi Capital, Xiao Feng from HashKey Group, and Meitu founder Cai Wensheng. Notably, these figures were ...