Mubadala Increases IBIT Bitcoin ETF Investment by Nearly $29 Million
- Mubadala Investment Company invested an additional $28.8 million in the IBIT Bitcoin ETF in Q1.
- The company’s overall portfolio value decreased from $436.9 million to $408.5 million during the same period.
- IBIT stocks showed a growth of approximately 7% since early April, following a prior decline.
- Experts predict rising interest in Bitcoin derivatives among sovereign funds.
Mubadala’s increased investment in the IBIT Bitcoin ETF by nearly $29 million comes amid a decrease in its total portfolio value and signals growing interest among sovereign funds in cryptocurrency derivatives.
Source (2.6)https://hodl.press/abu-dhabi-fund-invests-29m-more-in-ibit-q1/?rand=24434
