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According to Bitwise Invest advisor Jeff Park, China may be seeing “capital flight” into crypto.
Is Chinese Capital Entering Quietly?
Recent 13F filings show Laurore Ltd., a previously unknown Hong Kong–based firm, as a major holder of BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT).
The filer is listed as “Zhang Hui,” a common Chinese name.
Laurore has no website, public profile or operating history.
Its structure, likely based in the Cayman Islands or British Virgin Islands, resembles a typical offshore vehicle used to access U.S. markets.
Notably, the firm reports holding just one asset: a $436 million position entirely in IBIT. That suggests it may have been created specifically to…
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