A major development has caught the attention of the crypto world. Li Lin, founder of the Huobi exchange and chairman of Avenir Capital, has announced the creation of a massive fund centered around Ethereum (ETH) investments.
Together with some of Asia’s leading crypto investors, Li Lin is preparing to launch a $1 billion Ethereum-focused investment trust. The planned fund aims to acquire $1 billion worth of digital assets, positioning it as one of the largest Ethereum ventures in Asia.

Ethereum-Focused Digital Asset Trust
According to sources familiar with the matter, Li Lin and his partners are working to establish an Ethereum (ETH)-focused investment trust aimed at providing regulated investment access for institutional investors.
The project includes not only Li Lin but also several leading figures in Asia’s crypto ecosystem:
- Shen Bo, Co-founder of Fenbushi Capital
- Xiao Feng, CEO of HashKey Group
- Cai Wensheng, Founder of Meitu Inc.
The team reportedly plans to acquire a Nasdaq-listed shell company to facilitate the structure and regulatory compliance of the new entity.
$1 Billion Funding and Key Participants
Sources indicate that the fund has raised approximately $1 billion, distributed as follows:
- $200 million from Li Lin’s Avenir Capital,
- $500 million from Asia-based institutional investors such as HongShan Capital Group,
- The remaining capital expected from private investors and regional funds.
Talks are still ongoing, and the structure and allocation plan may be subject to change.
“As Ethereum’s role as global infrastructure continues to strengthen, institutional demand across Asia is rising rapidly. This trust will open the door to digital assets through regulated investment models.”
— Li Lin, Chairman of Avenir Capital
Institutional Interest in Ethereum Rising After Bitcoin ETFs
This initiative coincides with a surge in institutional demand for digital assets, following the record-breaking success of Bitcoin spot ETFs in the United States. Ethereum is increasingly seen as the second most preferred asset among institutional investors.
Analysts suggest that the new trust could support Ethereum’s price stability while boosting Asia-based capital inflows into the ecosystem. The official announcement is expected to take place within the next two to three weeks.
Li Lin and Asia’s Crypto Elite: A New Strategic Vision
Li Lin founded Huobi in 2013 but sold the exchange to Justin Sun following China’s 2021 crypto ban. He later established Avenir Capital, an investment firm that now manages over $1 billion in assets and is one of Asia’s largest investors in Bitcoin ETFs.
Experts believe that the Ethereum trust led by Li Lin could trigger a renewal of institutional capital within the Ethereum ecosystem. Moreover, the rise of regulated, Asia-based investment vehicles could play a pivotal role in strengthening Ethereum’s long-term price stability.
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