The investment company of a former Sequoia China executive holds over $24 million in BlackRock's Bitcoin ETF

ChainCatcher news, according to The Block, Monolith Management, an investment firm founded by former Sequoia China executives, revealed that it holds over $24 million in BlackRock's Bitcoin spot ETF. The firm is also one of the top two holders in Hong Kong, with holdings exceeding those of Zuckerberg's Meta. In addition, its portfolio includes Nvidia and Microsoft.

Another Hong Kong fund company, IvyRock Asset Management, also reported that it holds nearly $19 million in BlackRock's Bitcoin spot ETF.

Although the Hong Kong Stock Exchange recently launched Bitcoin spot ETFs, the capital attracted by these products is far less than that of their competitors in the U.S. market.