Hong Kong-based investment group Avenir has significantly increased its holdings in BlackRock's iShares Bitcoin Trust ETF (IBIT) by acquiring an additional 3.4 million shares during the first quarter, bringing its total to 14.7 million shares valued at approximately $688 million. This represents a 30% rise in value since the end of 2024, underscoring Avenir's confidence in the future of digital assets. The firm's investment now constitutes about 86% of its portfolio, reflecting a strong commitment to crypto investments amidst growing interest among institutions in the sector. Avenir's engagement in digital assets includes a recent $500 million allocation for partnerships with global trading teams focused on crypto. The surge in Bitcoin ETF investments comes as the U.S. and other regions see increased acceptance of cryptocurrencies, with spot Bitcoin ETFs recording over $41 billion in net inflows since early 2024 despite market fluctuations. Avenir aims to capitalize on this momentum as it navigates the evolving digital asset landscape.

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