New filings show that the Abu Dhabi Sovereign Wealth Fund has accumulated hundreds of millions of dollars worth of BlackRock's Bitcoin (BTC) exchange-traded fund (ETF).

Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has acquired $436.9 million worth of shares in BlackRock's (NYSE:BLK) spot Bitcoin (CRYPTO: BTC) exchange-traded fund during the last quarter of 2024.

Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, bought $436 million in Bitcoin ETF shares.

Abu Dhabi's sovereign wealth fund, Mubadala, invests $436M in Bitcoin ETF, marking a significant move into crypto assets.

Bitcoin (BTC) reserve has become a growing trend in the United States, with twenty states pushing legislation to establish a reserve for the top crypto. This follows Abu Dhabi sovereign wealth fund Mubadala Investment Company's $461 million investment into BlackRock's iShares Bitcoin Trust (IBIT).

The ownership interest was held via Mubadala Investments, one of the country's sovereign wealth funds

The State of Wisconsin Investment Board (SWIB) has stacked up an additional 3.1 million shares of BlackRock’s iShares Bitcoin Trust (IBIT), pushing its total Bitcoin ETF holdings to around $588 million,

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