Just In: Hong Kong’s Investment Firm Discloses Owning $599M In Bitcoin ETFs

Quick Summary:

This investment positions Avenir Group as a significant institutional player in the cryptocurrency market.

Notably, in the second quarter of 2024, Avenir Group became the largest institutional holder of two major Bitcoin ETFs in Asia.

The Securities and Futures Commission (SFC) is actively developing regulations that support the growth of the cryptocurrency industry while ensuring strict compliance standards.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United StatesHong KongSingapore

Topics: Crypto Regulations News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 13:55:05 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 152 words

Reading Time: 1 minutes read

Sentences: 20 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 26146532

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 12 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #112

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