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🔥Xinhuo Technology acquires Avenir Group's trading team and launches Bitcoin asset management services
On April 23, Xinhuo Technology (a Group investment team and its trading system. After the acquisition is completed, the company will launch an asset management product denominated in Bitcoin, "Alpha BTC." The service plans to attract over 10k Bitcoins in investment within one year, estimated at approximately $760 million at current value. Alpha BTC will use Bitcoin or IBIT ETF as the underlying asset, generating returns through derivatives trading such as options. Target clients include native crypto investors and local Hong Kong enterprises. By the end of 2025, Avenir Group will hold a total of 18.3 million shares of BlackRock…
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