Abu Dhabi’s Mubadala Invests $436 Million in US Bitcoin ETFs
Abu Dhabi’s Mubadala Sovereign Wealth Fund has taken a bold step towards the Bitcoin market, investing $436 million in the U.S.-listed spot Bitcoin exchange-traded fund (ETFS).
The acquisition, revealed in a February 14 document to the SEC, highlights the country’s funds’ growing interest in digital assets.
Abu Dhabi’s Mubadara becomes the seventh largest holder of BlackRock Bitcoin ETF
Mubadara’s Register It shows that its investment in BlackRock’s iShares Bitcoin ETF (IBIT), received more than 8.2 million shares in the fourth quarter of 2024. This marks a new position in the fund, as previous IBIT holdings were not reported in earlier documents.
Following the acquisition, Bloomberg ETF analyst James Seyffart pointed out that Mubadala is now the seventh largest holder of IBIT.
The fund joins the elite list of institutional investors, lagging behind major companies such as Goldman Sachs, Millennium Management and Symmetric Investment.
at the same time, Binance founder Changpeng Zhao It is pointed out that Mubadala is just one of the sovereign wealth funds in Abu Dhabi. he suggestion Investment entities supported by other countries may also be exposed to Bitcoin ETFs.
Market observers also point out that Mubadala’s investments and UAE establishes itself more widely as a leading innovation hub for blockchain and digital assets. For years, Abu Dhabi has positioned itself as a primary destination for companies seeking support for investment conditions.
This led to the introduction of advanced regulations Attracts major industry players seeking crypto-friendly jurisdictions.
Global Bitcoin Adoption Competition
Mubadala’s investment reflects a growth trend among global institutions seeking Bitcoin risks.
This shift is carried out when policymakers see the potential of strategically encrypted protected areas. Some in the U.S. government suggest that Bitcoin may be part of the plan.
U.S. Senator Cynthia Lummis stressed the importance of Mubadala’s development, which shows that the global Bitcoin exposure competition is underway.
“I tell you the game has begun. Now is the time to win,” Loomis said. Write On X (formerly Twitter).
Members introduced the Bitcoin bill of 2024, proposed to create US Bitcoin Reserves. The plan involves the sale of a portion of the government’s gold holdings to fund purchases. If enacted, it will ensure that Bitcoin is 1 million, accounting for about 5% of the total supply.
Although the federal government’s position remains uncertain, Several U.S. states have taken independent steps to integrate Bitcoin into their financial policies. More than 20 states have introduced or enacted legislation to promote investment in cryptocurrency.
Industry leaders see these developments as The global competition adopted by Bitcoin. Satoshi Dennis Porter, CEO of ACT Fund emphasize U.S. states are pushing for this shift. With that in mind, analysts expect the country to become the leading pro-Korea country.
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