According to Odaily, Hong Kong-based family office Avenir Capital has made significant investments in Bitcoin exchange-traded funds (ETFs) during the second quarter. The firm purchased BlackRock's spot Bitcoin ETF, IBIT, and Fidelity's spot Bitcoin ETF, FBTC, with a total value of $383 million.

This move highlights the growing interest and confidence in Bitcoin among institutional investors. Avenir Capital's substantial investment in these ETFs reflects a strategic decision to gain exposure to the cryptocurrency market through established financial products. The acquisition of both BlackRock and Fidelity's Bitcoin ETFs indicates a diversified approach to their investment strategy.

The purchase of these ETFs by a prominent family office like Avenir Capital underscores the increasing acceptance and integration of digital assets into traditional investment portfolios. This trend is likely to continue as more institutional investors seek to capitalize on the potential growth and stability offered by cryptocurrencies.