Li Lin to Launch $1B Ether Trust with Asian Investors
Huobi founder Li Lin’s Avenir Capital is raising $1 billion to launch an Ether trust via a Nasdaq‐listed shell. The fund, backed by Asia’s top investors including HongShan Capital ($500 M), Fenbushi’s Shen Bo, HashKey CEO Xiao Feng and Meitu’s Cai Wensheng, pools $200 M from Avenir. It offers institutional investors equity exposure to Ethereum, not direct token custody. Partners will provide regulated services, transparent net‐asset reporting and cold storage with minimal active trading. The trust is set to launch in 2–3 weeks. Avenir already manages over $1 billion in assets, holds 16.5 M shares of BlackRock’s IBIT and funded a $500 M Solana treasury. This Ether trust underlines growing institutional demand for Ethereum, supporting bullish momentum as ETH consolidates near $3,870 with a potential breakout above $4,450.
Bullish
The launch of a $1 billion Ether trust via a Nasdaq‐listed shell and backing by top Asian investors signals rising institutional demand for Ethereum. By offering equity exposure and transparent, regulated structures, the trust lowers entry barriers and encourages net inflows. In the short term, anticipation of the fund’s launch may boost ETH prices and sentiment. Over the long term, institutional adoption strengthens Ethereum’s market position, liquidity and credibility, providing sustained upward pressure.