According to the source, Huobi founder Li Lin is launching a $1B Ether (ETH) trust with participation from early Ethereum backers at Fenbushi Capital, HashKey Group, and Meitu. Source: X post dated Oct 17, 2025, post ID 1979268859673669905. Trading implications: Treat this headline as unverified until primary confirmations are released; monitor ETH spot price, funding rates, and open interest for positioning shifts; and track reported institutional demand via public ETF/ETP flow dashboards and exchange netflows. Data sources to monitor: Farside Investors ETF flow tracker, SoSoValue ETF/ETP dashboard, CME ETH futures metrics, and major exchanges’ derivatives pages.