CoinOtag
2025-11-19 15:55:13

Proposed $1 Billion Ethereum DAT Canceled Amid Market Downturn; SharpLink Eyes Potential ETH Rebalancing

The proposed $1 billion Ethereum Dedicated Accumulation Trust (DAT), backed by leading Asian investors including Huobi founder Li Lin, has been canceled amid a market downturn following the October 11 sell-off. Committed capital has been returned, preventing the creation of a major institutional vehicle for ETH holdings. Project Cancellation: The DAT, aimed at accumulating large

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