Hong Kong's Avenir Discloses 14.7 Million Shares Worth $691M in BlackRock Bitcoin ETF IBIT, Asia's Largest Holder

Hong Kong-based investment firm Avenir disclosed in its latest 13F filing that it owns 14.7 million shares of BlackRock's iShares Bitcoin Trust ETF (IBIT) as of March 31, valued at approximately $691 million. This represents an increase from the 11.3 million shares reported as of December 31. The disclosed position makes Avenir the largest Bitcoin ETF holder in Asia. The firm's Bitcoin ETF holdings are valued close to $857 million according to multiple sources, indicating a bullish stance on Bitcoin in the Asian investment community.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.