The launch of digital asset treasury (DAT) companies has been one of the most consistent themes of 2025, with institutional players exploring new avenues to increase their exposure to cryptocurrencies, including Bitcoin and Ethereum. In the latest development, Huobi founder and some notable Ethereum early-day backers are looking to launch a $1 billion digital asset vehicle.

Planned ETH Trust In Talks To Acquire Nasdaq-Listed Firm

According to an October 17 report by Bloomberg , Li Lin, founder of cryptocurrency exchange Huobi (now known as HTX) and chairman of investment firm Avenir Capital, and some of Asia’s earliest Ethereum backers are planning to launch a new digital-asset trust that will accumulate ETH tokens. This effort includes Hashkey Group CEO Xiao Feng, Fenbushi Capital f

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