Asian Executives Collaborate to Launch $1B Ethereum Trust Fund
A group of prominent Asian executives is forming a trust to accumulate Ethereum with a goal to raise $1 billion. This initiative comes as ETH faces price pressure, trading at $3,875, below its 50-day exponential moving average.
- The project is led by Li Lin, Huobi exchange founder, in collaboration with Shen Bo from Fenbushi Capital, Xiao Feng of HashKey Group, and Meitu founder Cai Wensheng.
- The trust has secured $200 million from Avenir and $500 million from investors like HongShan Capital.
- There are talks to use a Nasdaq-listed shell company for structuring the trust.
- This move aligns with a trend of early crypto figures shifting to institutional products offshore.
Ethereum (ETH) Price Analysis Amid $1B Ether Trust
- The trust could potentially increase Ethereum's price by attracting institutional money, reducing supply, and decreasing volatility.
- Despite recent dips, Ethereum ETF inflows remain strong.
- Ethereum's Q3 2025 rally outperformed Bitcoin, with analysts predicting possible growth to $7,000 in 2025.
- Currently, ETH trades at $3,875, below key technical indicators, suggesting potential bear market conditions.
Institutional interest and demand might alter this outlook, despite existing market challenges.