Smart move! Chinese institutional funds are entering BTC through a special method!

In the latest 13F institutional holdings report, I found that among the new holdings of the BlackRock IBIT Bitcoin ETF, there is a brand-new institution that stands out—called Laurore Ltd.
No official website, no public news, no market traces whatsoever. The only publicly available information is: declarant name Zhang Hui, registered in Hong Kong, China.

The name “Zhang Hui” is roughly equivalent to John Smith in China—everywhere.
I call this naming approach “seemingly real-name, actually invisible”—burying oneself among millions of others with the same name, making it completely untraceable.
The suffix “Ltd” points to a typical Cayman Islands / British Virgin Islands (BVI) structure, which is the most classic offshore packaging method for funds entering the U.S. market.
Looking at its investment portfolio: it only holds IBIT.
This is not a diversified fund, but a Bitcoin entry tool with a scale of $436 million, disguised as an institutional entity.

Why operate this way?

The reason is straightforward: Chinese investors cannot directly hold Bitcoin.
If this signal is confirmed, it will be a milestone indicator:
Chinese institutional funds have long abandoned crypto exchanges and gray underground channels, instead using BlackRock ETFs to quietly position themselves within the SEC’s regulatory framework, employing this “transparent stealth” method to subtly deploy Bitcoin.