Avenir Group Emerges as Asia's Largest Institutional Holder of Bitcoin ETFs, Underscoring Confidence in the Future of Digital Assets

Hong Kong-based investment group Avenir Group has emerged as a major institutional player in the digital asset market, with its recent disclosure revealing a significant $599 million investment in Bitcoin ETFs.

Finance

Hong Kong-based investment group Avenir Group has disclosed a major institutional investment of $599 million in Bitcoin ETFs, emerging as a key player in the digital asset market and pivoting its brand evolution and business strategy.

Avenir Group's latest 13F filing showcases a significant increase in Bitcoin ETF exposure. According to the filing, the investment group now holds 11.3 million shares of BlackRock's iShares Bitcoin Trust (IBIT), which is valued at approximately $599 million. This strategic move positions Avenir as Asia's largest institutional holder of Bitcoin ETFs, highlighting the firm's commitment to digital assets and financial innovation.

The latest SEC 13F filings indicate a growing institutional interest in Bitcoin ETFs. According to K33 Research, institutions held 25.4% of spot Bitcoin ETF assets by Q4 2024, which amounted to $26.8 billion. Throughout the quarter, major institutions—including investment firms, hedge funds, banks, and pension funds—increased their holdings significantly.

Originally established as Li Lin's family office, Avenir Group has evolved into a leading investment group specializing in financial innovation and emerging technologies. The firm's multi-asset, multi-strategy approach spans quantitative trading, public markets, private equity, and digital asset investments. Under its umbrella, DeepTrading operates independently as a high-frequency trading team, while the Avenir Foundation focuses on technology education and innovation.

Avenir Group is committed to the convergence of digital assets with traditional finance, as well as the fusion of financial innovation and emerging technologies, which will ultimately redefine global markets. Adhering to the principles of compliance and globalization, Avenir is strategically positioning itself to drive long-term, sustainable growth in the industry. With deep industry insights, exceptional investment performance, proprietary data models, and robust risk management systems, Avenir Group continues to forge ahead in Web3 and digital asset investments.

In line with its commitment to the crypto ecosystem, Avenir's increased investment in Bitcoin ETFs further demonstrates the firm's strategic initiatives to drive innovation in the digital asset market. In September 2024, the firm launched the $500 million Crypto Partnership Program to collaborate with top-tier quantitative trading teams worldwide. This program provides high-performing teams with advanced technology to tackle key challenges in crypto trading. By fostering a technology-driven, highly efficient trading ecosystem, Avenir reinforces its dedication to the long-term growth and evolution of the global digital asset market.