US EditionAbu Dhabi Sovereign Wealth Fund Reports Owning $455,672,040 Worth of BlackRock’s Bitcoin ETF in New SEC Filing - The Daily Hodl
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One of Abu Dhabi's sovereign wealth funds has recently invested more than $400 million in a BlackRock Bitcoin spot ETF. This strategic purchase marks a new step in the adoption of Bitcoin by state institutions, confirming its emerging status as a global value reserve. Article One of Abu Dhabi's sovereign wealth funds has purchased more than $400 million from Bitcoin spot ETF has appeared first on Cryptoast.
Abu Dhabi Sovereign Wealth Fund Reports Owning $455,672,040 Worth of BlackRock’s Bitcoin ETF in New SEC Filing - The Daily Hodl
New filings show that the Abu Dhabi Sovereign Wealth Fund has accumulated hundreds of millions of dollars worth of BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF). According to new filings with the U.S. Securities and Exchange Commission (SEC), the wealth fund has stockpiled about $455 million worth of the asset management giant’s iShares Bitcoin Trust ETF (IBIT). The United Arab Emirates’ (UAE) wealth fund was established in 1976 to promot…
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