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.
