#BinanceAlphaAlert The sovereign wealth fund of Abu Dhabi buys additional shares of the IBIT ETF

The spot Bitcoin ETF market has become a favored entry point into the cryptosphere for traditional investors. However, the success of these exchange-traded funds is largely concentrated on its leader, the IBIT (iShares Bitcoin Trust ETF) from the asset management giant BlackRock.

A situation that does not seem ready to stop. Because, as reported by The Block, the filings of Form 13F with the United States Securities and Exchange Commission (SEC) show that the Mubadala Investment Company, a sovereign wealth fund from Abu Dhabi, has reported buying an additional 491,439 shares of the IBIT ETF during the first quarter of 2025. This represents an estimated value of 28.8 million dollars.