Abu Dhabi funds held over $1 billion of BlackRock’s Bitcoin ETF at end of last year
Two Abu Dhabi funds held over $1 billion in BlackRock's IBIT Bitcoin ETF by the end of last year.Summary
Filings with the U.S. Securities and Exchange Commission revealed that two Abu Dhabi-based funds collectively held over $1 billion worth of BlackRock's spot Bitcoin ETF (IBIT) at the close of last year. Mubadala Investment Company, a sovereign wealth fund, reported owning approximately $631 million in IBIT shares, having increased its holdings by 46% since the third quarter. Separately, Al Warda Investments, a government investment arm, held shares valued at about $408 million. BlackRock's IBIT remains the largest spot BTC fund, though its assets under management have recently declined due to falling bitcoin prices. The information was disclosed via 13F filings, which detail the equity holdings of institutional managers with over $100 million in assets under management.
(Source：The Block)