Hong Kong-based investment firms are buying big in spot Bitcoin exchange-traded funds (ETF) in the United States. The latest 13F filings with the U.S. Securities and Exchange Commission have revealed numerous firms buy bitcoins worth millions in spot Bitcoin ETF, indicating institutional investors haven’t left the wave of Bitcoin ETF.
Honk Kong Firm Scoops Over $75 Million in Spot Bitcoin ETFs
Ovata Capital Management has invested a total of $75.53 million in four U.S.-listed spot Bitcoin ETFs, as per an SEC filing. This makes the investment manager the biggest buyer of spot Bitcoin ETF yet, said Bloomberg senior ETF Eric Balchunas.
Fidelity Wise Origin Bitcoin ETF (FBTC), Grayscale Bitcoin Trust (GBTC), and Bitwise Bitcoin ETF (BITB) are the top 3 holdings of Ovata. BlackRock iShares Bitcoin ETF (IBIT) comes in sixth…
