Hong Kong’s Avenir Invests $857 Million in Bitcoin ETFs

Avenir, a prominent investment firm based in Hong Kong, has made a significant commitment to the cryptocurrency market by investing $857 million in Bitcoin exchange-traded funds (ETFs). This move positions Avenir as a major player among Asian institutional investors in the rapidly growing world of crypto ETFs. Avenir’s investment coincides with increasing global interest in Bitcoin ETFs, which are gaining traction as the preferred gateway for large-scale investors seeking exposure to digital assets without directly holding Bitcoin.