Avenir Group, Asia's largest Bitcoin ETF investor, increased its holdings in BlackRock's flagship crypto fund

Avenir Group, Asia's largest Bitcoin ETF investor, increased its holdings in BlackRock's flagship crypto fund, the iShares Bitcoin Trust (IBIT)

Avenir Group, recognized as Asia's largest Bitcoin ETF investor, has expanded its stake in BlackRock's premier crypto fund, the iShares Bitcoin Trust (IBIT), during the first quarter of 2025, as indicated by a recent SEC disclosure.

The institutional family office, based in Hong Kong, reported an investment of approximately 14.7 million IBIT shares, amounting to $691 million, as of March 31. This represents an increase from its previous holding of 11.3 million shares at the end of last year.

Furthermore, the firm disclosed ownership of over 58,000 shares, valued at roughly $4 million, in the Fidelity Wise Origin Bitcoin Fund (FBTC).

This filing follows the announcement by Goldman Sachs of its substantial IBIT investment. The bank reported holding 30.8 million IBIT shares, valued at over $1.4 billion, at the end of the first quarter, showcasing a 28% rise from its previous holding of 24 million shares.

With this position, Goldman Sachs remains the largest known institutional investor in IBIT. The bank also holds positions in Fidelity's FBTC and BlackRock's recently launched spot Ethereum ETF.

Avenir Group, established in 2023, operates offices in Hong Kong, the US, the UK, Japan, and Singapore. The group focuses on financial innovation and emerging technologies through its investment platform and the Avenir Foundation. Its mission is to create a positive impact on the world by investing in groundbreaking technologies and institutions that are shaping the future of society.