LATEST: Avenir Group Becomes Asia’s Largest Bitcoin ETF Holder with $599M Investment

Hong Kong-based Avenir Group has made a bold move in the crypto space by investing $599 million into Bitcoin ETFs. The investment firm now holds 11.3 million shares of BlackRock’s iShares Bitcoin Trust making it the largest institutional holder of Bitcoin ETFs in Asia. This milestone highlights Avenir’s growing influence in the digital asset market and its confidence in the future of cryptocurrency.

The firm’s latest 13F filing shows a sharp increase in its Bitcoin ETF exposure aligning with a broader trend of institutional adoption. According to K33 Research major institutions now hold over 25% of total Bitcoin ETF assets valued at $26.8 billion as of Q4 2024. This wave of institutional interest signals stronger credibility and mainstream acceptance of crypto investments.

Avenir’s investment follows its September launch of a $500 million Crypto Partnership Program designed to support top global trading teams. The move shows Avenir’s clear commitment to financial innovation and long-term growth in the digital asset space.

Source

80.1K Reads