Hong Kong-Based Firms Have Significant Stakes in BlackRock Bitcoin ETF

Monolith Management, led by former Sequoia China partner Cao Xi, disclosed in a document that it owns more than $24 million in BlackRock's Bitcoin ETF (stock ticker IBIT), according to Foresight News. The Hong Kong-based company not only ranks fifth in terms of BlackRock ETF holdings, but also has more than double its investment in Meta stocks. Additionally, the company's two largest investments are in Nvidia and Microsoft.

In related news, IvyRock Asset Management, another Hong Kong-based fund, reported on Tuesday that it holds approximately $19 million in BlackRock's Bitcoin ETF.ytd