{"id":45899,"date":"2025-02-19T12:56:07","date_gmt":"2025-02-19T12:56:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=45899"},"modified":"2025-02-19T12:56:07","modified_gmt":"2025-02-19T12:56:07","slug":"abu-dhabis-mubadala-expands-bitcoin-etf-portfolio-by-436-9-million","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=45899","title":{"rendered":"Abu Dhabi\u2019s Mubadala Expands Bitcoin ETF Portfolio By $436.9 Million"},"content":{"rendered":"

Abu Dhabi\u2019s renowned wealth management firm Mubadala has invested $436.9 million in BlackRock\u2019s BitcoinETF. Mubadala, the giant managing assets worth $330 billion, is diversifying its portfolio aggressively. <\/span><\/p>\n

A US Securities and Exchange Commission (SEC) filing<\/span><\/a> revealed Mubadala\u2019s confidence in Bitcoin and allocation of nearly half a billion to the ETF. In the fourth quarter, the fund purchased 8.2 million shares of BlackRock\u2019s iShares Bitcoin Trust ETF. <\/span><\/p>\n

On 14 February 2025, Bloomberg analyst James Seyffart said, \u201cMubadala Investment Company, is now the 7th largest known holder of <\/span>Blackrock<\/a><\/span>\u2018s Bitcoin ETF ( <\/span>$IBIT<\/a><\/span>).\u201d<\/span><\/p>\n

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, is now the 7th largest known holder of @Blackrock<\/a>‘s Bitcoin ETF ( $IBIT<\/a>) at $461.23 million https:\/\/t.co\/skuQaInY88<\/a> pic.twitter.com\/N8PeC7NrHv<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) February 14, 2025<\/a><\/p>\n\n

Explore: BlackRock\u2019s Spot Bitcoin ETF Saw Over $37 Billion in Net Inflows in 2024<\/a><\/strong><\/p>\n

Growing Enthusiasm For Bitcoin ETFs<\/strong><\/h2>\n

Approved last year, Bitcoin ETFs appeal as a regulated and accessible way to gain exposure to Bitcoin has increased with institutional capital. <\/span><\/p>\n

Mubadala is not alone in its enthusiasm for BlackRock\u2019s iShares Bitcoin ETF. <\/span>The fund emerged as the dominant player in the cryptocurrency ETF market, recording over $37 billion in net inflows in 2024, according to<\/span>\u00a0data from Farside Investors<\/span><\/a>.<\/span><\/p>\n

According to Bloomberg Intelligence, by November, US Bitcoin ETFs surpassed $100 billion in net assets for the first time.<\/span> Importantly, spot Bitcoin ETFs have dominated the ETF landscape in 2024, with six of the top ten launches being BTC-focused.<\/span><\/p>\n

Furthermore, the<\/span> fund has attracted some of the most prominent institutional investors globally. <\/span><\/p>\n

As of the fourth quarter of 2024, Millennium Management emerged as the largest holder with $1.58 billion invested, followed by Brevan Howard Capital Management ($1.39 billion), Goldman Sachs ($1.28 billion), Susquehanna International Group ($899.6 million), and Jane Street ($854 million).<\/span><\/p>\n

Explore: Ethereum and Bitcoin ETFs See Record-Breaking Inflows<\/a><\/strong><\/p>\n

Mubadala Invests In Crypto, AI, Data Centers, Space Exploration<\/strong><\/h2>\n

The future of investing is AI-driven.<\/p>\n

Our latest white paper, #AlphaIntelligence<\/a>: The Investment Fund of the Future, unpacks how #AI<\/a> is reshaping decision-making and creating new opportunities in the #investment<\/a> world.<\/p>\n

Read chapter 4: https:\/\/t.co\/s8O0z3DwF8<\/a> #Investing<\/a> pic.twitter.com\/bfP7A0aVGe<\/a><\/p>\n

\u2014 Mubadala (@Mubadala) February 1, 2025<\/a><\/p>\n\n

Recently, the company released a white paper. It encompassed how Artificial Intelligence (AI) is reshaping decision-making and creating new opportunities in the investment world.<\/p>\n

Meanwhile, Phoenix Group, a popular Bitcoin mining company based in the UAE, reported a staggering 236% increase in its 2024 revenues.<\/p>\n

Furthermore, during the Abu Dhabi Finance Week (ADFW) tech leaders observed that Abu Dhabi is continuing to position itself as a leading hub for financial innovation and technology.<\/p>\n

\u201cFintech Abu Dhabi exemplifies our dedication to innovation, bringing global visionaries together to shape the future of finance and technology. We aim to facilitate meaningful conversations that continue to strengthen a thriving ecosystem coupled with progressive frameworks and a dynamic business environment,\u201d said\u00a0Salem Mohammed Al Darei<\/a>, CEO of ADGM Authority.<\/p>\n

Explore: Direct From Abu Dhabi Finance Week: Is MENA The Next World Crypto Hub?<\/a><\/strong><\/p>\n

<\/span><\/p>\n

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Key Takeaways<\/h3>\n


\n <\/span><\/p>\n


\n Mubadala is not the only Abu Dhabi-based entity making waves in the digital asset space. The Abu Dhabi Developmental Holding Company (ADQ), another sovereign wealth fund, has also been investing in cryptocurrency infrastructure.
\n <\/span><\/p>\n


\n The influx of institutional capital into Bitcoin ETFs like BlackRock\u2019s iShares product is widely seen as a positive development for the cryptocurrency market.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

<\/p>\n

The post Abu Dhabi\u2019s Mubadala Expands Bitcoin ETF Portfolio By $436.9 Million<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Abu Dhabi\u2019s renowned wealth management firm Mubadala has invested $436.9 million in BlackRock\u2019s BitcoinETF. Mubadala, the giant managing assets worth $330 billion, is diversifying its portfolio aggressively. A US Securities and Exchange Commission (SEC) filing revealed Mubadala\u2019s confidence in Bitcoin and allocation of nearly half a billion to the ETF. In the fourth quarter, the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-45899","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45899"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45899"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45899\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}