Hong Kong’s Avenir buys $600M of Bitcoin ETFs

  • Avenir Group, a Hong Kong-based investment firm, made a significant investment in Bitcoin through BlackRock’s ETFs, showcasing growing institutional interest in cryptocurrencies.
  • There are unverified rumors circulating on social media about China potentially lifting its ban on cryptocurrencies, which could significantly impact the global crypto market.
  • This investment by Avenir Group aligns with a trend where institutional investors are increasingly engaging with crypto assets, as evidenced by other major investments reported in related news.
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