Hong Kong Companies Invest Millions in Bitcoin (BTC) Through BlackRock

• According to US records, Hong Kong-based companies have invested tens of millions of dollars in Bitcoin through BlackRock.
• Monolith Management, based in Hong Kong, has allocated its fifth largest position in its portfolio to BlackRock’s spot Bitcoin ETF, traded under the code IBIT.
• Another Hong Kong-based investment firm, IvyRock Asset Management, also announced yesterday that it had acquired a stake of approximately $19 million from BlackRock’s Bitcoin fund.

Recent records reveal that Hong Kong-based firms are making substantial investments in Bitcoin through BlackRock, indicating a growing interest in cryptocurrency among Asian investors.

Monolith Management’s Major Investment in Bitcoin

According to records from the Securities and Exchange Commission (SEC), Monolith Management has invested $24 million in BlackRock’s spot Bitcoin ETF, traded under t... Read more at COINOTAG.