Huobi Founder Li Lin Launches $1B Ether Trust to Boost Institutional Finance

Li Lin, founder of the cryptocurrency exchange Huobi, has successfully raised $1 billion to launch a new Ether trust. This initiative underscores the increasing significance of Ethereum in institutional finance, aiming to enhance on-chain treasury operations and facilitate easier access for institutions. The move reflects growing confidence in the cryptocurrency market and could attract more investors.