Unknown Hong Kong company invests over $436 million in BlackRock’s Bitcoin ETF
An unknown Hong Kong-registered company, Laurore Ltd, has invested approximately $436 million in BlackRock’s Bitcoin ETF by purchasing 8.78 million shares. This ETF represents the company's sole asset, with the owner listed as Zhang Hui; however, there is no public information about the business.
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Amid strict restrictions on cryptocurrency trading in China, such investments may indicate a covert entry of Chinese capital into Bitcoin via a regulated ETF. This suggests a possible circumvention of bans and a strategic shift in investment approaches.
Looking ahead, further involvement of Chinese investors in crypto assets through similar legal channels is to be expected, potentially influencing the global Bitcoin market.
