One of the largest holders of the Bitcoin ETF is a Chinese shell company called Laurore Ltd. Almost nothing is known about them, only that the address is in Hong Kong. Since China cannot buy crypto directly, they use this vehicle to gain exposure through BlackRock. Chinese institutional money has already entered. And no one saw it coming.
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Is China quietly accumulating Bitcoin?
One of the largest holders of the Bitcoin ETF is a Chinese shell company called Laurore Ltd.
Almost nothing is known about them, only that the address is in Hong Kong.
Since China cannot buy crypto directly, they use this vehicle to gain exposure through BlackRock. Chinese institutional money has already entered. And no one saw it coming.