bitcoin

Bitcoin (BTC)

USD
$116,059.00
EUR
98.935,66
INR
9,947,271.82

Bitcoin Magazine

Abu Dhabi’s Sovereign Wealth Fund Reveals $408 Million Investment In BlackRock’s Bitcoin ETF

Mubadala, Abu Dhabi’s sovereign wealth fund, divulged a $408.5 million stake in the iShares Bitcoin Trust (IBIT), according to a 13F filing launched today. The fund reported holding 8,726,972 shares since March 31, 2025, a boost from 8,235,533 shares reported at the end of 2024. 

This huge relocation from Mubadala includes fuel to the fire for U.S. area Bitcoin ETFs, which have actually been generating severe inflows this May. Seeing cumulative overall inflows of $674.9 million on May 2, $425.45 million on May 5, and $334.58 million on May 9, and counting, consisting of a $319.12 million inflow the other day. IBIT, BlackRock’s Bitcoin ETF, continues to stick out as a leading option for institutional financiers, taking in $232.46 countless that alone.

Mubadala’s increased direct exposure accompanies top-level conversations in between U.S. crypto policy leaders and the UAE. Newly designated President Trump’s AI and Crypto Czar David Sacks met Emirati authorities previously this year on March 20 to check out the future of digital currencies and expert system.

“I explored with David Sacks, the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their convergence,” stated on X Tahnoon Bin Zayed Al Nahyan. “As technological developments speed up, promoting partnership and embracing positive techniques stay vital pillars for driving sustainable development and attaining long-lasting effect.”

The UAE has actually seen a significant boost in Bitcoin adoption in the in 2015, consisting of hosting the Bitcoin MENA Conference in Abu Dhabi, that brought in huge names like Eric Trump to provide impassioned remarks about Bitcoin. Trump argued that doubt to accept modification is absolutely nothing brand-new. He shared a story about a pal who dismissed Bitcoin just to see his own bank embrace it soon later.

“People are slow as hell to adapt to new technology,” stated Eric Trump. “We’re going to see banks have to adapt. Governments will adapt. Those who embrace this digital revolution early are going to be the ones who win.”

Trump called Bitcoin a “global asset” that secures versus unpredictability and interruptions, highlighting its decentralized system as a much better option to the expensive inadequacies of standard financing.

“Bitcoin is a store of value,” included Eric Trump. “It’s a hedge against inflation. It’s a hedge against political turmoil, political instability, acts of God, hurricanes, fires, floods, tornadoes. That’s what makes it so powerful.”

“I am confident that Bitcoin is going to hit $1 million,” he stated.

This post Abu Dhabi’s Sovereign Wealth Fund Reveals $408 Million Investment In BlackRock’s Bitcoin ETF initially appeared on Bitcoin Magazine and is composed by Oscar Zarraga Perez.



Source link

Leave a Comment

I accept the Terms and Conditions and the Privacy Policy