Abu Dhabi Funds Boosted BlackRock Bitcoin ETF Exposure to $1 Billion by End of 2025: Filings
Abu Dhabi-based investment funds, Mubadala Investments and Al Warda Investments, increased their Bitcoin exposure to over $1 billion by the end of last year through holdings in BlackRock’s spot Bitcoin ETF (IBIT). Mubadala held approximately $630 million and Al Warda about $408 million in IBIT, with both funds significantly growing their share count in the fourth quarter of 2024. Mubadala’s IBIT holdings rose by nearly 4 million shares, while Al Warda’s grew by over 255,000 shares. However, due to a 22.5% year-to-date drop in IBIT’s value, their combined exposure now stands at around $803 million. Bitcoin ETFs overall have experienced net outflows of more than $21 billion since the start of the year. Other large investors, such as Harvard University, have reduced their Bitcoin ETF stakes but shifted some exposure to Ethereum ETFs. Bitcoin’s current price is about $67,718, down 46% from its October all-time high.
