Abu Dhabi Unveils $437M Stake in BlackRock’s Spot Bitcoin ETF.

Abu Dhabi revealed a $436.9 million investment in BlackRock’s iShares Bitcoin ETF (IBIT) as of December 31, 2024. The holding is managed through Mubadala Investments, a prominent sovereign wealth fund of the UAE, as per a 13F filing with the U.S. Securities and Exchange Commission.

Following the disclosure, Bitcoin’s value saw a modest rise, climbing 0.5% to $97,400.

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