Abu Dhabi’s Mubadala Expands Bitcoin ETF Portfolio By $436.9 Million

Abu Dhabi’s famend wealth administration agency Mubadala has invested $436.9 million in BlackRock’s BitcoinETF. Mubadala, the enormous managing belongings value $330 billion, is diversifying its portfolio aggressively.

A US Securities and Exchange Commission (SEC) filing revealed Mubadala’s confidence in Bitcoin and allocation of almost half a billion to the ETF. Within the fourth quarter, the fund bought 8.2 million shares of BlackRock’s iShares Bitcoin Belief ETF.

On 14 February 2025, Bloomberg analyst James Seyffart stated, “Mubadala Funding Firm, is now the seventh largest identified holder of Blackrock‘s Bitcoin ETF ( $IBIT).”

Abu Dhabi’s sovereign wealth fund, Mubadala Funding Firm, is now the seventh largest identified holder of @Blackrock‘s Bitcoin ETF ( $IBIT) at $461.23 million https://t.co/skuQaInY88 pic.twitter.com/N8PeC7NrHv

— James Seyffart (@JSeyff) February 14, 2025

Discover: BlackRock’s Spot Bitcoin ETF Saw Over $37 Billion in Net Inflows in 2024

Rising Enthusiasm For Bitcoin ETFs

Accredited final 12 months, Bitcoin ETFs enchantment as a regulated and accessible technique to acquire publicity to Bitcoin has elevated with institutional capital.

Mubadala is just not alone in its enthusiasm for BlackRock’s iShares Bitcoin ETF. The fund emerged because the dominant participant within the cryptocurrency ETF market, recording over $37 billion in web inflows in 2024, in accordance with data from Farside Investors.

In accordance with Bloomberg Intelligence, by November, US Bitcoin ETFs surpassed $100 billion in web belongings for the primary time. Importantly, spot Bitcoin ETFs have dominated the ETF panorama in 2024, with six of the highest ten launches being BTC-focused.

Moreover, the fund has attracted a few of the most outstanding institutional buyers globally.

As of the fourth quarter of 2024, Millennium Administration emerged as the biggest holder with $1.58 billion invested, adopted by Brevan Howard Capital Administration ($1.39 billion), Goldman Sachs ($1.28 billion), Susquehanna Worldwide Group ($899.6 million), and Jane Road ($854 million).

Discover: Ethereum and Bitcoin ETFs See Record-Breaking Inflows

Mubadala Invests In Crypto, AI, Information Facilities, House Exploration

The way forward for investing is AI-driven.

Our newest white paper, #AlphaIntelligence: The Funding Fund of the Future, unpacks how #AI is reshaping decision-making and creating new alternatives within the #investment world.

Learn chapter 4: https://t.co/s8O0z3DwF8 #Investing pic.twitter.com/bfP7A0aVGe

— Mubadala (@Mubadala) February 1, 2025

Lately, the corporate launched a white paper. It encompassed how Synthetic Intelligence (AI) is reshaping decision-making and creating new alternatives within the funding world.

In the meantime, Phoenix Group, a preferred Bitcoin mining firm primarily based within the UAE, reported a staggering 236% enhance in its 2024 revenues.

Moreover, throughout the Abu Dhabi Finance Week (ADFW) tech leaders noticed that Abu Dhabi is constant to place itself as a number one hub for monetary innovation and expertise.

“Fintech Abu Dhabi exemplifies our dedication to innovation, bringing world visionaries collectively to form the way forward for finance and expertise. We goal to facilitate significant conversations that proceed to strengthen a thriving ecosystem coupled with progressive frameworks and a dynamic enterprise surroundings,” stated Salem Mohammed Al Darei, CEO of ADGM Authority.

Discover: Direct From Abu Dhabi Finance Week: Is MENA The Next World Crypto Hub?

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