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Avenir Group Becomes Asia’s Largest Bitcoin ETF Holder with $599 Million Stake
Hong Kong-based investment firm Avenir Group has taken the lead as Asia’s largest institutional player in the digital asset market, after investing a staggering $599 million in Bitcoin ETFs. The news comes from the firm’s recent 13F filing, which reveals an astonishing increase in Bitcoin ETF exposure.
According to the report, Avenir Group now holds an impressive 11.3 million shares valued at a whopping $599 million. This significant investment cements its position as Asia’s largest institutional holder of Bitcoin ETFs and further solidifies the firm’s influence within the Asian crypto space.
The development highlights an increasing demand from institutional investors for digital assets, as reflected in the number of such institutions that boosted their holdings in 2024. As of December 31st, 2024, institutional investors accounted for a substantial 25.4% of spot Bitcoin ETF assets totaling $26.8 billion.
Source: zycrypto.com
