Published 26 days ago • loading... • Updated 24 days ago

Abu Dhabi’s Sovereign Wealth Fund Discloses Substantial BTC Holdings

Summary by Bitcoin Ethereum News

The post Abu Dhabi’s Sovereign Wealth Fund Discloses Substantial BTC Holdings appeared on BitcoinEthereumNews.com. In another sign of growing institutional interest in Bitcoin (BTC), Mubadala Investment, one of Abu Dhabi’s sovereign wealth funds, has disclosed it holds $436 million in Bitcoin ETF holdings, according to a United States Securities and Exchange Commission (SEC). BTC briefly spiked to $98,000 following the news but has marginally d…

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

7 Articles

All

Left

Center

Right

Bitcoin Ethereum News

Abu Dhabi’s Sovereign Wealth Fund Discloses Substantial BTC Holdings

24 days ago

Read Full Article

TECHTELEGRAPH

Bitcoin Surges as Abu Dhabi’s Wealth Fund Discloses Massive BTC Holdings - TECHTELEGRAPH

Mubadala Investment, one of Abu Dhabi’s sovereign wealth funds (SWFs), has purchased $436 million worth of shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT). The price of Bitcoin briefly spiked to nearly $98,000 on the news, reaching an intraday high of $97,772, according to CoinGecko data. Related Former Binance CEO Changpeng Zhao has implied that other Abu Dhabi-based SWFs could follow suit. Global implications Bitcoin evangelist A…

26 days ago

Read Full Article

Crypto Digital Currency News ©

Abu Dhabi invests $437M in Bitcoin ETFs, Wisconsin doubles its holdings

In recent 13F form filings, Abu Dhabi’s sovereign wealth fund Mubadala Investment Company and the State of Wisconsin Investment Board revealed exposure to Bitcoin (BTC) through BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF). Mubadala’s filing shows over 8.2 million shares of IBIT worth nearly $437 million. According to the sovereign fund’s official website, this…

26 days ago

Read Full Article

FinanceFeeds

Abu Dhabi’s Wealth Fund Invests $437M In Bitcoin - FinanceFeeds

Abu Dhabi’s Mubadala Investment Company bought $436.9 million worth of BlackRock’s spot Bitcoin ETF (IBIT) in Q4 2023, according to a Feb. 16 filing. The move aligns with BlackRock’s expansion into Abu Dhabi, where the asset manager secured a commercial license last November. BlackRock’s IBIT ETF is the largest spot Bitcoin ETF by assets under management, holding nearly $56 billion. Mubadala, which manages investments on behalf of Abu Dhabi’s go…

26 days ago

Read Full Article

The Defiant

CZ Confirms Multiple Abu Dhabi Wealth Funds Likely Accumulating Bitcoin Amid Global FOMO, Says Changpeng Zhao

Changpeng Zhao (CZ), the founder of Binance, has confirmed that multiple wealth funds in Abu Dhabi, as well as other global sovereign wealth funds, are likely in the process of accumulating Bitcoin. This development signals a growing trend of investment in Bitcoin, contributing to a sense of global market enthusiasm, often referred to as 'FOMO' (fear of missing out) among investors. The confirmation from CZ comes amid increasing interest in cryp…

26 days ago

Read Full Article