Abu Dhabi wealth fund climbs Bitcoin ETF leaderboard flexing $460m stake

Abu Dhabi’s sovereign wealthiness fund, Mubadala Investment Company, has emerged arsenic 1 of the largest organization investors successful BlackRock’s iShares Bitcoin Trust.

Its holdings are valued astatine implicit $461 million, according to Bloomberg Intelligence expert James Seyffart.

Mubadala present ranks arsenic the seventh-largest known holder of IBIT, owning much than 8.2 cardinal shares, filings show.

This is simply a important measurement for a state-backed entity investing successful Bitcoin done ETFs, alternatively than straight holding the cryptocurrency.

Mubadala is simply a state-owned planetary concern steadfast managing a multi-billion-dollar portfolio crossed the technology, energy, and infrastructure sectors.

It follows a broader inclination of accepted fiscal giants expanding vulnerability to Bitcoin ETFs.

Goldman Sachs remains the apical organization Bitcoin ETF holder, with $710 cardinal successful assorted funds, including BlackRock’s IBIT and Fidelity’s Wise Origin Bitcoin Fund.

Meanwhile, PNC Bank — different apical 10 US slope by assets — has ramped up its Bitcoin ETF vulnerability from $10 cardinal to $67 cardinal successful the past year.

US spot Bitcoin ETFs person seen $41 billion successful inflows since their support successful January 2024, suggesting rising organization assurance successful Bitcoin arsenic an concern vehicle.

While the US and different fiscal institutions proceed accumulating Bitcoin ETFs, immoderate countries are taking a antithetic attack — buying Bitcoin directly.

Galaxy Research predicts that by 2025, astatine slightest 5 nation-states volition adhd Bitcoin to their reserves, citing diversification, commercialized settlement, and strategical contention arsenic cardinal drivers.

Even Donald Trump has floated the idea of a nationalist Bitcoin reserve, though analysts suggest the state mightiness commencement by leveraging Bitcoin already seized by instrumentality enforcement agencies.

Kyle Baird is DL News’ Weekend Editor. Got a tip? Email astatine [email protected].