Abu Dhabi · Bitcoin · United Arab Emirates · SEC · Bitcoin Magazine
Abu Dhabi Sovereign Wealth Funds Keep Big Bitcoin Positions
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
The Abu Dhabi companies have bought significant positions in BlackRock's Bitcoin exchange-traded fund.
Key facts
- Earlier this year, blockchain analytics firm Arkham Intelligence attributed approximately 6,782 Bitcoins, worth roughly $453.6 million at the time of its analysis, to wallets connected to Bitcoin
- Abu Dhabi’s Mubadala Investment Company disclosed Friday that it held a $490 million stake in BlackRock’s iShares Bitcoin Trust, the second-largest single holding across its entire 13F portfolio
- BlackRock’s IBIT is the most successful crypto ETF: The fund has received more cash than any other crypto ETF and currently has $47.3 billion in assets under management
- And a Thursday filing from the Abu Dhabi Investment Council, another state-run fund, revealed a $273.6 million position in the popular Bitcoin exchange-traded fund
Summary
Bitcoin is the most important asset in two of Abu Dhabi sovereign wealth funds, according to regulatory filings. Abu Dhabi’s Mubadala Investment Company disclosed Friday that it held a $490 million stake in BlackRock’s iShares Bitcoin Trust, the second-largest single holding across its entire 13F portfolio. And a Thursday filing from the Abu Dhabi Investment Council, another state-run fund, revealed a $273.6 million position in the popular Bitcoin exchange-traded fund. Earlier this year, blockchain analytics firm Arkham Intelligence attributed approximately 6,782 Bitcoins, worth roughly $453.6 million at the time of its analysis, to wallets connected to Bitcoin mining activity linked to the UAE’s Royal Group.