Abu Dhabi's sovereign wealth fund disclosed a $437 million stake in BlackRock's Bitcoin ETF, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The 13F filing, dated February 14, reveals that Mubadala Investments, one of the fund's key entities, acquired shares in BlackRock's Bitcoin ETF (ticker: IBIT) valued at $424.9 million.

As the world's largest asset manager, BlackRock aims to expand its presence in the Middle East, focusing on major cities like Abu Dhabi and Riyadh. This significant investment underscores BlackRock's commitment to collaborating with local sovereign wealth funds.

Additionally, Wisconsin's pension fund has increased its investment in spot Bitcoin ETFs to approximately $321 million, reflecting a 100% increase from its previous holdings of $164 million reported in May 2024. The pension fund now holds over 2.4 million shares (worth about $100 million) in BlackRock's iShares Bitcoin Trust, having divested all shares in Grayscale's Bitcoin Trust (GBTC).

Notably, Bitcoin's price has surged by roughly 70% since May 2024, currently valued at over $97,250, with a slight 1% change in the last 24 hours. According to CoinGecko, Bitcoin's price has risen nearly 90% over the past year.

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