Avenir Group expands Bitcoin ETF stake as institutional interest grows
Avenir Group has expanded its Bitcoin holdings, reporting $599 million in BlackRock’s iShares Bitcoin Belief.
Avenir’s elevated publicity was revealed in its 13F filing, which particulars institutional investments, together with asset positions and valuations. The surge aligns with IBIT’s fast development, which now manages $56 billion in property.
The expansion of BlackRock’s Bitcoin (BTC) ETF displays rising institutional curiosity in crypto investments. Avenir’s expanded stake highlights its strategic guess on the rising demand for regulated digital asset funding merchandise.
The agency additionally disclosed a $4.2 million stake in Constancy’s Clever Origin Bitcoin Fund, holding 52,544 shares.
Avenir Group is an institutional household workplace and funding administration agency devoted to investing in rising applied sciences via monetary know-how innovation. They’ve places of work in Hong Kong, america, the UK, Japan, and Singapore.
The agency engages in a variety of multi-asset class, multi-strategy investments throughout each conventional monetary and digital asset sectors.
Following Barclay’s lead
Barclays, the UK-based establishment, also acquired 2,473,064 IBIT shares, getting into the Bitcoin ETF market.
The acquisition occurred within the fourth quarter of 2024, from October to December, throughout a post-election Bitcoin worth surge pushed by U.S. President Donald Trump’s pro-Bitcoin stance.
Barclays joined a rising pattern of institutional crypto adoption, alongside main banks like Goldman Sachs and JP Morgan, which additionally elevated their Bitcoin ETF holdings.
