Mark_Blitz
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Bullish
Abu Dhabi has disclosed a significant $436.9 million stake in BlackRock’s iShares Bitcoin ETF (IBIT), signaling strong institutional interest in cryptocurrency. The investment, held through the sovereign wealth fund Mubadala Investments, was reported in a recent 13F filing with the U.S. Securities and Exchange Commission (SEC).
The news has had an immediate market impact, with Bitcoin ($BTC ) rising 0.5% to $97,400 following the disclosure. This move highlights the growing role of Middle Eastern sovereign funds in the crypto sector, further legitimizing Bitcoin as an institutional asset.
#CryptoLovePoems
@VanthegeaR
The news has had an immediate market impact, with Bitcoin ($BTC ) rising 0.5% to $97,400 following the disclosure. This move highlights the growing role of Middle Eastern sovereign funds in the crypto sector, further legitimizing Bitcoin as an institutional asset.
#CryptoLovePoems
@VanthegeaR
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