🇭🇰 🎯 MYSTERIOUS COMPANY FROM HONG KONG BETS EVERYTHING ON BITCOIN THROUGH IBIT 🎯 🇭🇰
A mysterious “shell” company based in Hong Kong has allocated 100% of its portfolio to BlackRock’s iShares Bitcoin Trust (IBIT), gaining about 436 million dollars in exposure to Bitcoin through a regulated spot ETF in the USA.
IBIT is now one of the largest spot ETFs on BTC in the world, with tens of billions in assets under management and a structure designed to provide institutional custody and compliance without going directly through crypto exchanges.
This move fits into a broader trend: several funds from Hong Kong have already accumulated significant positions in IBIT, using the city as a crypto-friendly hub in contrast to the ban on cryptocurrencies in mainland China.
There are reports that this company would be a “shadow” vehicle to allow Beijing to regain ground in the Bitcoin race without formally violating the internal ban, although this remains unconfirmed speculation at the moment.
For the market, the message is clear: even capital linked to Asia is increasingly looking at Bitcoin via ETF as a regulated and scalable channel to enter the institutional game.