Bitcoin ETF

Bitcoin

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<ul> 
 <li>Yong Rong HK Asset Management, a Hong Kong-based investment advisory firm, has become the largest investor in BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, with a $38 million investment.</li> 
 <li>The company, with this investment, has purchased more than 12% of the assets reported specifically for IBIT by BlackRock, marking a significant move.</li> 
 <li>Bloomberg analyst Eric Balchunas commented on the matter, interpreting the Hong Kong-based company’s preference for US-based ETFs over spot Bitcoin ETFs in its own country as a result of “cheaper and higher volume”.</li> 
</ul> 
<p><strong>Yong Rong HK Asset Management becomes the largest investor in BlackRock’s Bitcoin ETF, marking a significant move in the crypto investment landscape.</strong></p> 
<h2 id="strong-yong-rong-hk-asset-management-invests-38-million-in-blackrock-s-bitcoin-etf-strong"><strong>Yong Rong HK Asset Management Invests $38 Million in BlackRock’s Bitcoin ETF</strong></h2> 
<p>Yong Rong HK Asset Management, a Hong Kong-based investment advisory firm, has made a significant move in the crypto investment landscape. The firm has invested $38 million in BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, becoming the largest investor in the fund. This move signifies a growing interest in cryptocurrency investments among traditional financial institutions.</p> 
<h3 id="strong-company-purchases-more-than-12-of-blackrock-s-reported-assets-strong"><strong>Company Purchases More Than 12% of BlackRock’s Reported Assets</strong></h3> 
<p>With this investment, Yong Rong HK Asset Management has purchased more than 12% of the assets reported specifically for IBIT by BlackRock. This move highlights the firm’s confidence in the potential of Bitcoin and other cryptocurrencies, despite the volatile nature of the crypto ... <a href="https://en.coinotag.com/hong-kong-based-dev-firm-makes-record-breaking-bitcoin-investment-a-new-milestone-in-crypto-world-btc/">Read the full article for FREE at COINOTAG!</a></p>

Hong Kong-Based Dev Firm Makes Record-Breaking Bitcoin Investment: A New Milestone in Crypto World (BTC)

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