The United Arab Emirates sovereign wealth funds, Mubadala and Abu Dhabi Investment Council, collectively hold $763.6 million in BlackRock’s iShares Bitcoin ETF. Mubadala owns 14.7 million shares ($490M) while Abu Dhabi Investment Council holds 8.2 million shares ($273.6M). Bitcoin represents the second largest position by value for Mubadala and the largest for Abu Dhabi Investment Council. The UAE sovereign funds’ holdings in the Bitcoin ETF reflect their continued optimism despite the crypto winter.
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