$BTC Abu Dhabi Sovereign Wealth Fund Buys $436m Via Bitcoin ETFs In the final quarter of 2024, Abu Dhabi made a striking move in the digital asset space, revealing a $436.9 million investment in BlackRock's iShares Bitcoin ETF (IBIT). The disclosure, confirmed in a filing with the U.S. Securities and Exchange Commission, underscores the growing institutional embrace of Bitcoin by sovereign wealth funds. The massive investment was made through Mubadala Investment Company, one of Abu Dhabi’s premier sovereign wealth funds managing over $280 billion in assets. Mubadala’s acquisition of 8.2 million IBIT shares aligns with a broader trend of institutional capital flowing into the digital asset sector, particularly in the Middle East, where governments are increasingly integrating blockchain technology and cryptocurrencies into their financial ecosystems. Meanwhile, Bitcoin reacted positively to the announcement, climbing 1% from $96,700 to $97,700. The modest yet meaningful price increase reflects the growing confidence in Bitcoin’s long-term stability and adoption as an institutional-grade asset.