Business

Abu Dhabi Invests $436.9M In Bitcoin ETF

Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, has acquired $436.9 million worth of iShares Bitcoin Trust (IBIT) shares.

Haider Jamal
February 15, 2025

Bitcoin Reacts

Mubadala purchased 8.2 million shares of IBIT, according to its Q1 13F filing with the U.S. Securities and Exchange Commission. Bitcoin (BTC) responded positively to the news, climbing 1% from $96,700 to $97,700.

Interestingly, this investment marks one of the earliest known cryptocurrency asset allocations by a major sovereign wealth fund.

Heightened Interest

Mubadala’s entry into Bitcoin ETFs comes at a time when institutional investors are increasingly integrating digital asset products into traditional financial markets.

The Abu Dhabi-based fund’s ETF purchase aligns with growing trends of crypto adoption across the Middle East, where both governments and financial institutions are displaying heightened interest in digital asset technologies.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.