A former Blackstone executive and Tether co-founder are reportedly planning to raise $1 billion through a Special Purpose Acquisition Company (SPAC) to establish a publicly listed crypto reserve vehicle. This initiative aims to include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in its portfolio. The move highlights ongoing institutional interest in cryptocurrency investments and the potential for new financial products in the digital asset space.