Huobi Founder Li Lin Plans $1 Billion Ethereum Fund
Li Lin, founder of crypto exchange Huobi, is preparing to launch a large new fund focused on accumulating Ethereum (ETH). He is partnering with early Asian Ethereum supporters to create a digital-asset trust that will buy ETH tokens.
The group includes Shen Bo, co-founder of Fenbushi Capital; Xiao Feng, CEO of HashKey Group; and Cai Wensheng, founder of Meitu Inc.
Fund Aims to Raise $1 Billion for ETH Accumulation
The fund plans to raise up to $1 billion, according to a Bloomberg report. This would be one of the largest capital deployments dedicated solely to accumulating Ethereum.
The fund’s strategy is to acquire and hold large amounts of ETH. It acts as an “accumulator” rather than a traditional venture or trading fund. Details on the fund’s structure and timeline are not yet public.
This move highlights growing institutional interest in Ethereum and confidence in its long-term value and utility.
Li Lin’s Return to Crypto Market
Li Lin stepped down from Huobi’s management in 2022 after selling his stake to a Hong Kong investment firm. His return with a billion-dollar fund shows continued involvement of early crypto founders in the industry.
Ethereum remains the second-largest cryptocurrency by market cap. Its blockchain supports decentralized finance (DeFi), NFTs, and Web3 applications, making it a key infrastructure in the crypto space.
For more details, see the Bloomberg report.
