Two Hong Kong asset management companies have purchased up to $112 million in US spot Bitcoin ETFs

Odaily News According to Watcher.guru, two Hong Kong asset management companies have purchased up to $112 million in US spot Bitcoin ETFs. Data shows that in addition to Yong Rong Asset Management's purchase of BlackRock IBIT ETF worth $38 million, another Ovata Capital Management has purchased four US spot Bitcoin ETFs, with a total investment of more than $74 million. Analysts believe that given that Hong Kong has launched a spot Bitcoin exchange-traded fund, this move by local asset management companies seems interesting.