Two Hong Kong asset management companies have purchased up to $112 million of U.S. spot Bitcoin ETFs

2024-05-03 22:25:33

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ChainCatcher news, according to Watcher.guru, two Hong Kong asset management companies have purchased up to $112 million in U.S. spot Bitcoin ETFs. Data shows that in addition to Yong Rong Asset Management purchasing $38 million worth of BlackRock's IBIT ETF, another company, Ovata Capital Management, has bought four U.S. spot Bitcoin ETFs, with a total investment exceeding $74 million. Analysts believe that given Hong Kong has launched spot Bitcoin exchange-traded funds, this move by local asset management companies seems quite interesting.

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