Monolith Administration, the Hong Kong-primarily based investment firm based by ragged Sequoia China govt Cao Xi, announced a serious investment in BlackRock’s space Bitcoin ETF in its newest submitting with the U.S. Securities and Alternate Commission.
The firm disclosed that it has bigger than $24 million in BlackRock’s Bitcoin ETF, which trades below the emblem IBIT. The investment represents the firm’s fifth-finest situation and is bigger than double its stake in Meta, formerly identified as Fb and bustle by Rate Zuckerberg.
In accordance with the identical application, Monolith Administration’s first two investments are in technology giants Nvidia and Microsoft. Cao Xi, who modified into a partner at Sequoia China for several years, based Monolith Administration as a technology-centered fund.
Yet another Hong Kong-primarily based fund, IvyRock Asset Administration, also reported in its like SEC submitting that it owns approximately $19 million in BlackRock’s space Bitcoin ETF. Region BTC ETFs now not too lengthy in the past launched on the Hong Kong Stock Alternate, nonetheless to this point these devices comprise attracted less capital than their U.S. counterparts.
*Right here is now not investment advice.
