Asia’s largest Bitcoin ETF investor, Avenir Group increased its holdings of BlackRock’s flagship Crypto Fund, Ishares Bitcoin Trust (IBIT), in the first quarter of 2025. Disclosure.
The Hong Kong-based Institutional Affairs Bureau held approximately 14.7 million shares, $691 million as of March 31, up from 11.3 million shares at the end of last year.
The company also discloses ownership of more than 58,000 shares worth approximately $4 million in the Fidelity Wise Origin Bitcoin Fund (FBTC).
This filing follows Goldman Sachs’ recent disclosures Holds 30 million shares As of March 31, it is worth more than $1.4 billion, representing a 28% increase from the past 24 million shares.
Goldman Sachs maintains IBIT’s largest institutional position, and has added positions in Fidelity’s FBTC and BlackRock’s spot Ethereum ETF.
Founded in 2023, Avenir Group has offices in Hong Kong, the US, UK, Japan and Singapore, focusing on financial innovation and emerging technologies through its investment platform and the Avenir Foundation.
IBIT, which Bloomberg Intelligence has identified as one of the fastest growing ETFs in history, has accumulated over $64 billion in assets under management as of May 14th.
According to Yahoo Finance, the fund’s shares fell 1.5% to $58.70 on Wednesday. data.
