Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has publicly disclosed a substantial $408 million investment in BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), according to its latest regulatory filing. As of March 31, 2025, Mubadala held approximately 8.7 million shares of IBIT, marking a 6% increase from the previous quarter and reflecting a strong commitment to expanding its Bitcoin exposure despite market volatility.
This investment positions Mubadala as one of the largest institutional holders of BlackRock’s Bitcoin ETF, with the holdings valued at around $408.5 million at the end of the first quarter and exceeding $512 million based on current prices. The stake represents roughly 0.14% of Mubadala’s total assets under management, estimated at $302 billion, underscoring the fund’s strategic interest in cryptocurrency assets.
The move coincides with BlackRock’s growing presence in Abu Dhabi, having secured a commercial license to operate in the emirate during the same period. Mubadala’s increased Bitcoin ETF holdings highlight a broader trend of sovereign wealth funds embracing digital assets as part of their diversified investment portfolios.
In contrast, some institutional investors like the State of Wisconsin Investment Board have recently exited their Bitcoin ETF positions, signaling differing risk appetites and strategic approaches to crypto exposure among large funds.
This development marks a significant milestone in the integration of traditional finance and cryptocurrency markets, with Abu Dhabi’s sovereign wealth fund reinforcing its position as a key player in the evolving digital asset landscape.
