According to Foresight News, Monolith Management, led by Cao Xi, a former partner of Sequoia China, revealed in a document that it held over $24 million in BlackRock's Bitcoin ETF (ticker symbol IBIT). The Hong Kong-based company not only ranks fifth in BlackRock ETF holdings but also has more than double its investment in Meta shares. Additionally, the company's two largest investments are in Nvidia and Microsoft.
Similarly, another fund based in Hong Kong, IvyRock Asset Management, announced on Tuesday that it held nearly $19 million in BlackRock's Bitcoin ETF.
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