Hong Kong Firm's $436M IBIT Stake Sparks China Backdoor Speculation
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A previously unknown Hong Kong entity, Laurore Ltd, has disclosed a $436 million position in BlackRock's iShares Bitcoin Trust (IBIT) through a US regulatory filing. This substantial investment from an obscure offshore firm is fueling market speculation about potential Chinese capital seeking indirect exposure to Bitcoin via US-listed ETFs, circumventing mainland China's strict crypto prohibitions.
The revelation highlights the complex global capital flows shaping crypto markets and suggests institutional demand may be broader than visible through traditional channels. While the exact origins of Laurore's funds remain unverified, the scale of this single position underscores the significant capital that may be entering crypto markets through alternative pathways, potentially supporting price stability and institutional adoption narratives.
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