At Taipei Blockchain Week, Sora Ventures unveiled Asia’s first Bitcoin exchange-traded fund (ETF), with a bold target of purchasing $1 billion worth of BTC over the next six months.
“This is the first time in Asia that a firm of this scale has committed to building a treasury network backed by Bitcoin, with $1 billion allocated to the region’s inaugural Bitcoin treasury fund,” said Sora Ventures Managing Partner Luke Liu.
Building Asia’s Bitcoin Treasury Network
Sora Ventures has been steadily expanding its footprint across Asia’s crypto ecosystem:
- In 2023, the firm invested in Japan’s Metaplanet, initially deploying ¥1 billion (≈ $6.5 million) into Bitcoin.
- Subsequent investments followed in Moon Inc. (Hong Kong), DV8 (Thailand), and BitPlanet (South Korea)—all companies integrating Bitcoin into their balance sheets.
This strategy positions Sora Ventures as a regional catalyst for corporate Bitcoin adoption, enabling a treasury network that extends across multiple Asian markets.
Growing Corporate Adoption
The move coincides with a broader trend among Asian corporates increasing their Bitcoin exposure. Metaplanet, for instance, recently secured shareholder approval to issue up to 555 million new shares to fund further BTC purchases. The company’s holdings have now surpassed 20,000 BTC, cementing its place as the sixth-largest corporate Bitcoin holder worldwide.
Why It Matters
The launch of Asia’s first Bitcoin ETF marks a watershed moment for institutional crypto adoption in the region. With $1 billion in committed capital, Sora Ventures is not only pioneering new financial infrastructure but also signaling Asia’s rising role in shaping the global Bitcoin treasury landscape.