The Wolf Of All Streets A Massive Entity Is Quietly Accumulating Bitcoin! Do They Know Something? | Jeff Park
Feb 19, 2026
Jeff Park, Bitcoin-focused analyst known for work at Bitwise and Proca. He digs into odd flow patterns and ETF activity pointing to a Hong Kong–linked entity quietly accumulating Bitcoin. They discuss offshore structures, institutional IBIT buying, possible ties to Chinese wealth managers, and what stealth accumulation could mean for liquidity and supply.
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A Quiet Hong Kong Bid Shows Up In 13F
- A new 13F filer, Loroar, emerged as the largest iBit buyer as of Dec 31 and is Hong Kong–based with offshore structure.
- Park suggests this feeder SPV likely funnels offshore/Chinese capital into IBIT exposure and merits watching.
Office Link Suggests Chinese HNW Origin
- Loroar appears to share an office suite with How Advisors, linking it to known Chinese hedge fund managers.
- Park infers the vehicle likely represents ultra-high-net-worth Chinese investors using Hong Kong feeders for Bitcoin exposure.
Use IBIT SPVs To Access Traditional Banks
- Use IBIT-held SPVs to get compliant, bank-recognized Bitcoin exposure if you need traditional banking services.
- Park notes this structure can make collateralization and private-wealth services easier for Asian investors.