UAE Sovereign Funds Hold $763.7 Million of BlackRock Spot Bitcoin ETF
JH Kim
Summary
- Abu Dhabi sovereign wealth funds Mubadala and the Abu Dhabi Investment Council (ADIC) hold a combined $763.7 million of BlackRock’s spot Bitcoin exchange-traded fund, according to a report.
- Bitcoin Magazine reported that Mubadala and ADIC hold a combined $763.7 million in BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT).
- Crypto-focused media outlet Bitcoin Magazine reported the two sovereign funds’ large holdings in spot Bitcoin (BTC) ETFs.
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Abu Dhabi sovereign wealth funds Mubadala and the Abu Dhabi Investment Council hold a combined $763.7 million of BlackRock’s spot Bitcoin exchange-traded fund, Bitcoin Magazine reported on Aug. 14.
The crypto-focused media outlet said Mubadala and ADIC hold that amount in BlackRock’s iShares Bitcoin Trust (IBIT).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.