UAE Sovereign Funds Pile into BlackRock Spot Bitcoin ETF
The Abu Dhabi sovereign wealth funds Mubadala and ADIC have accumulated a combined $763.7 million in BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT).
This substantial investment was reported by Bitcoin Magazine on August 14.
The two funds hold this significant amount of the spot Bitcoin ETF, demonstrating their confidence in the cryptocurrency market and its potential for growth.