According to The Block, Abu Dhabi’s sovereign wealth fund, Mubadala, increased its stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT) from 12.7023 million shares to 14.7219 million shares, adding over $90 million in new positions, bringing its total holding value to nearly $660 million. Meanwhile, the Abu Dhabi Investment Authority (ADIA) maintained its unchanged position of 8.2187 million IBIT shares, valued at $315.8 million.
Abu Dhabi Sovereign Wealth Fund Increases IBIT ETF Holdings to $660M
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Summary
Bitcoin ETF news: Abu Dhabi’s Mubadala has increased its stake in the iShares Bitcoin Trust ETF (IBIT) to 14.7219 million shares, up from 12.7023 million. The position is now worth over $90 million, with total holdings valued at nearly $660 million. ETF news also shows that the Abu Dhabi Investment Council holds 8.2187 million shares, worth $315.8 million.
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