Abu Dhabi · Bitcoin · Bitcoin ETF · CryptoSlate
Bitcoin erased $118 million from Abu Dhabi’s ETF holdings, but its sovereign funds kept every share
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Two Abu Dhabi sovereign investors kept their BlackRock Bitcoin ETF holdings unchanged through the second quarter, retaining $764 million of exposure even as the cryptocurrency remained mired in one of its steepest annual declines.
Key facts
- Abu Dhabi Investment Council (ADIC) also stood pat, retaining 8,218,712 IBIT shares worth about $273.6 million as of June 30
- Bitcoin traded near $62,900 on Friday, down about 29% from roughly $88,700 at the start of 2026
- The broader ETF market reflects this retreat, with Bitcoin ETFs shedding around $40 billion in assets under management, from more than $116.7 billion to around $95.5 billion, according to data
- BlackRock data show IBIT was down 27.6% this year through Aug. 13, with net assets falling to about $47.35 billion
Summary
01 Mubadala and Abu Dhabi Investment Council held their BlackRock IBIT positions unchanged through Q2, keeping 22.94 million shares. 02 That left them with $764 million in exposure as Bitcoin and IBIT fell, erasing about $118 million in reported value. 03 The firms’ conviction reflects Abu Dhabi’s broader push into crypto across regulation, tokenization, venture investment and digital-asset infrastructure. Mubadala Investment Company and the Abu Dhabi Investment Council held a combined 22.94 million shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of June 30, regulatory filings show.