#BTC
Abu Dhabi's Sovereign Wealth Funds Maintain Major Positions in BlackRock's Bitcoin ETF (IBIT)
Institutional Crypto Holdings
Key Details from SEC Filings:
Mubadala Investment Company (Abu Dhabi’s $276B sovereign wealth fund)
Holding: 8,726,972 shares of BlackRock’s IBIT (iShares Bitcoin Trust)
Value: $534 million (as of June 30)
Status: Unchanged since May 2024, indicating a long-term bullish stance on Bitcoin exposure.
Al Warda Investments (Managed by Abu Dhabi Investment Council, part of Mubadala)
Newly Reported Holding: 2,411,034 shares of IBIT
Value: $147.5 million
Significance: This marks the first major disclosure, reinforcing Abu Dhabi’s growing institutional adoption of cryptocurrency.
Why This Matters:
Sovereign wealth funds, such as Mubadala, are key players in legitimizing Bitcoin as an institutional asset.
BlackRock’s IBIT remains a top choice for large investors, with over $18B in ATH assets.
Abu Dhabi’s continued holdings suggest confidence in Bitcoin’s long-term value despite market volatility.
