Abu Dhabi’s Sovereign Wealth Fund Discloses $463M Bitcoin ETF Holdings

In what is yet different motion of the increasing prominence and clasp of the cryptocurrency plus class, Abu Dhabi’s sovereign wealthiness money has reported $436 cardinal successful Bitcoin ETF holdings, according to a US Securities and Exchange Commission (SEC) filing. Indeed, the determination comes arsenic wealthiness funds astir the satellite are betting large connected the emerging market.

Recent filings with the authorities bureau uncover a increasing inclination of BTC ETF exposure. Friday, the State Wisconsin Investment Board reported $321 cardinal successful BlackRock iShares Bitcoin Trust (IBIT) ETF holdings. Moreover, the database of specified instances is lone expected to turn passim 2025.

JUST IN: Abu Dhabi's sovereign wealthiness money discloses $436 cardinal Bitcoin ETF holdings.

Also Read: State Street & Citi Bank to Launch Crypto Custody Services

Abu Dhabi Sovereign Wealth Fund Bets connected Bitcoin, Reports BTC ETF Holdings

Entering 2025, determination were precocious hopes for the cryptocurrency market. With the United States electing its archetypal pro-crypto president, Donald Trump, a monolithic overhaul to the country’s crypto argumentation was expected to instrumentality place. Now, little than 2 months into the year, and that has already happened.

Yet, determination are galore who would accidental the US is somewhat precocious to the party. Indeed, a big of nations person already sought to clasp the plus people successful a large way. Among them is Abu Dhabi, whose sovereign wealthiness money disclosed $436 cardinal successful Bitcoin ETF holdings. Specifically, the money had invested successful BlackRock’s BTC concern offering, according to an SEC filing.

Source: CNBC

Also Read: SEC Crypto Task Force Talks Integrating Staking into ETPs

There has been a increasing inclination of covering wealthiness funds embracing cryptocurrency concern successful caller years. Specifically, Norway, Singapore, Saudi Arabia, Canada, and present the United Arab Emirates (UAE) person each embraced the plus class. Indeed, the beingness of thriving Bitcoin ETFs person lone made that much accessible.

There is simply a increasing content that the United States could soon beryllium among them. US President Donald Trump announced his volition to make the country’s archetypal federal sovereign wealthiness fund. Additionally, determination has been rampant speculation that Bitcoin could beryllium a wide concern enactment for that fund. It makes sense, considering Trump’s affinity for the plus and its increasing worth connected a planetary scale.