Hong Kong-Based Firms Hold Significant Shares in BlackRock Bitcoin ETF

According to Foresight News, Monolith Management, led by former Sequoia China partner Cao Xi, has disclosed in a document that it owns over $24 million in BlackRock's Bitcoin ETF (stock code IBIT). The Hong Kong-based company not only ranks fifth in holdings of BlackRock ETF but also has more than double its investment in Meta stocks. Additionally, the company's two largest investments are in Nvidia and Microsoft. In related news, another Hong Kong-based fund, IvyRock Asset Management, reported on Tuesday that it holds nearly $19 million in BlackRock's Bitcoin ETF.