Abu Dhabi Invests $436.9 Million in BlackRock’s Bitcoin ETF
Abu Dhabi has revealed in an official filing with the US SEC that it holds a stake of $436.9 million in BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This strategic investment was made through Mubadala Investments, one of the emirate’s leading sovereign funds.
This announcement marks a significant milestone for the Bitcoin ETF market, which has recently opened up to institutional investors. Abu Dhabi’s involvement, through one of its sovereign funds, demonstrates the growing interest of major institutions in digital assets. This prominent participation also strengthens the credibility of BlackRock’s IBIT on the global market.
An Immediate Impact on the Price of Bitcoin
The announcement of this investment immediately influenced the market: the price of Bitcoin (BTC) saw a 0.5% surge, reaching $97,600 before stabilizing above $97,300.
A Strong Signal for Institutional Adoption
By choosing BlackRock’s Bitcoin ETF, Mubadala Investments confirms its interest in digital assets while prioritizing regulated and transparent exposure through a listed financial product. This choice could encourage other sovereign funds and major institutions to follow suit, further strengthening the institutional adoption of Bitcoin.
A Future-Focused Investment Strategy
Abu Dhabi’s entry into BlackRock’s Bitcoin ETF is part of a larger investment strategy in emerging technologies. With its investments in artificial intelligence, renewable energies, and digital infrastructure, Abu Dhabi is expanding its portfolio into digital finance, anticipating the rise of digital assets as a major investment class.
