• Mystery Hong Kong investor in BlackRock’s bitcoin ETF breaks silence after $436 million stake sparks controversy A spokesperson for Laurore said the $436 million IBIT stake “reflects personal investment conviction,” as records link it to a mainland China passport holder. • What to know: • Laurore Ltd., a little-known entity, disclosed a position of about $436 million in BlackRock’s iShares Bitcoin Trust (IBIT), triggering speculation about the identity of a new bitcoin ETF holder. • • Hong Kong registry filings show the IBIT stake is linked through director Zhang Hui, a Mainland China passport holder who is also the sole director of Avecamour Advice Limited, a Hong Kong company owned by a British Virgin Islands entity. • • A spokesperson said the ultimate beneficial owner “prefers to keep a low profile” and that the position “reflects personal investment conviction,” declining to disclose further ownership details. • When a shell company called Laurore Ltd. • filed a position of about $436 million in BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund - its first and only filing - listing a Hong Kong address and phone number, the crypto community took notice, and a social media frenzy began.
Article Summaries:
- A shell company, Laurore Ltd., disclosed a $436 million position in BlackRock’s iShares Bitcoin Trust (IBIT), sparking speculation that a mainland‑China investor had entered the spot‑bitcoin ETF market. Hong Kong registry filings show the stake is linked to director Zhang Hui, a mainland passport holder who also runs Avecamour Advice Limited, a Hong Kong firm owned by a British Virgin Islands entity. Laurore’s spokesperson said the ultimate beneficial owner prefers to remain anonymous and that the investment reflects personal conviction, but no further ownership details were released. The move has fueled debate over potential capital flight and Chinese participation in crypto assets.
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