Trivest Advisors acquired 1,477,800 shares of BlackRock’s IBIT, representing 3.5% of its $2.57B 13F portfolio.
DL Holdings plans to raise $83.2M through share placement to support blockchain, mining, and crypto licensing efforts.
Hong Kong-based firms are increasing capital allocation toward tokenization, stablecoins, and digital infrastructure expansion.
In a recent SEC filing, Hong Kong-based Trivest Advisors disclosed a new $90.4 million investment in BlackRock’s spot Bitcoin ETF, IBIT. The filing shows the firm held 1,477,800 IBIT shares as of June 30.
Confirmed by a post on X by Macroscope, this position places Trivest among the top ten holders of the ETF globally based on reported data to date. The ETF holds physical Bitcoin and tracks its market price directly, offering regulated access to the asset.
https://twitter.com/MacroScope17/status/1953158371709993046 Firm's Position Reflects Institutional Activity
According to the filling, the total value of Trivest Advisors disclosed U.S. securities reached $2.57 billion. This IBIT stake now represents approximately 3.5% of its 13F portfolio. With $1.2 billion in assets under management, the investment marks a substantial allocation for the firm.
Source: Trivest Advisors SEC filling
IBIT allows institutional investors to access Bitcoin exposure without directly handling the asset. Its structure aligns with U.S. regulatory standards. Trivest’s position reflects usage of these structures by global asset managers.
The filing adds to the trend of increasing ETF inflows from non-U.S. institutions. It also contributes to market liquidity. This development indicates further engagement by global financial firms through transparent and regulated investment channels.
DL Holdings to Raise $83M Amid Expanding Crypto Development in Hong Kong
In another occurrence, DL Holdings, a Hong Kong-listed financial services firm, plans to raise $83.2 million to support its expanding blockchain initiatives. The move comes as Hong Kong sees continued development in its digital asset sector, with more companies seeking regulatory clarity and institutional participation. The company announced the funding plan through a placing and subscription agreement filed with the Hong Kong Stock Exchange.
The deal involves selling shareholders placing shares at HK$2.95 each to at least six investors, followed by the company issuing the same number of new shares at the same price. These shares make up 13.58% of the existing share capital and will dilute to 11.96% post-issuance. Following the announcement, DL Holdings shares dropped more than 8% on Thursday.
Funding Allocation Targets Blockchain Growth
DL Holdings outlined specific use of funds tied to crypto and blockchain growth. It will allocate 30% of proceeds toward real-world asset tokenization and strategic investments. Another 15% is set for bitcoin mining operations and reserves.
As Hong Kong builds its digital asset framework, DL plans to use 7% for crypto trading licenses. Additional funds will support stablecoin business development, ETFs, infrastructure, U.S. property, and working capital.
Trivest Advisors ETF investment and DL Holdings’ funding plan mark a clear shift in institutional crypto strategy. Both moves show how regulated structures are being adopted to integrate digital assets into traditional finance. As Hong Kong and global markets advance regulatory clarity, institutional participation is likely to increase further.
