Abu Dhabi Fund Acquires Significant Stake in BlackRock Bitcoin ETF
- The Abu Dhabi Sovereign Wealth Fund has invested $455,672,040 in BlackRock’s Bitcoin ETF.
- Established in 1976, the UAE wealth fund aims to promote economic stability and prosperity.
- In December, it was reported as the world’s top wealth fund spender, surpassing Saudi Arabia.
- IBIT became the largest ETF by market cap since its launch in January 2024.
- BlackRock secured a commercial license to operate in Abu Dhabi last year.
The Abu Dhabi Sovereign Wealth Fund’s investment of over $455 million in BlackRock’s Bitcoin ETF highlights its significant role as a leading global wealth fund. The IBIT has quickly risen to prominence since its launch.
Source (2.6)https://dailyhodl.com/2025/02/15/abu-dhabi-sovereign-wealth-fund-reports-owning-455672040-worth-of-blackrocks-bitcoin-etf-in-new-sec-filing/?rand=59076
