Crypto Mogul Adds Bitcoin, Ether Fund Listings to His Empire
- Huobi Tech is targeting $100 million across four funds
- Leon Li’s firm has won a Hong Kong license for such offerings
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Huobi Technology Holdings Ltd. has launched four cryptocurrency-related funds targeting $100 million in total assets by September, the latest attempt to ride a stunning rally in digital assets.
Huobi Tech is rolling out four funds including ones that will virtually track Bitcoin and Ether prices, allowing investors to bet on the coins without actually holding any currency. It’s the latest so-called crypto tracker after similar funds have launched around the world. The firm already has secured $50 million in commitments across the four funds.