Overview
- Bloomberg-sourced reports say about $1 billion in commitments are secured, including roughly $200 million from Avenir Capital and around $500 million from regional institutions such as HongShan Capital Group.
- Named backers include Fenbushi’s Shen Bo, HashKey Group’s Xiao Feng, and Meitu founder Cai Wensheng, all early supporters of Ethereum in Asia.
- The planned vehicle is designed to accumulate and hold ETH as a long-term treasury reserve with a focus on liquidity management, staking, and yield optimization.
- An official announcement is expected within weeks while talks continue on structure and operations, including the potential acquisition of a Nasdaq-listed shell.
- If executed at the reported scale, the trust could become one of the largest institutional ETH holders and further reduce available market float.