Key Takeaways A mysterious Hong Kong entity, Laurore Ltd., disclosed a $436 million stake in BlackRock’s spot Bitcoin ETF (IBIT). Crypto industry leaders are speculating whether the structure could be a workaround for mainland Chinese investors. If Chinese-linked institutional money is quietly entering via offshore vehicles, it could boost long-term Bitcoin liquidity. A newly disclosed $436 million stake in BlackRock’s spot Bitcoin exchange-traded fund has sparked speculation that capital from Chi ...