Abu Dhabi Sovereign Wealth Fund Holds $408.5 Million Worth of IBIT Shares

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AI Summary

The Abu Dhabi Wealth Fund's investment in IBIT shows its confidence in digital assets, which may drive more funds into the crypto market in the future. This move may indicate that global institutional investors' interest in cryptocurrencies continues to grow, helping the industry develop.

According to Deep Tide TechFlow, the Abu Dhabi sovereign wealth fund Mubadala holds 8.726972 million shares in the iShares Bitcoin Trust (IBIT), valued at approximately $408.5 million. On March 20 of this year, the U.S. cryptocurrency policy head held high-level talks with UAE officials about the future development of digital currency.

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Abu Dhabi Sovereign Wealth Fund Holds $408.5 Million Worth of IBIT Shares

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