Abu Dhabi sovereign wealth fund Mubadala disclosed holding over $400 million in BlackRock's spot Bitcoin ETF

ChainCatcher news, according to Bitcoin Magazine, the latest 13F filing from Abu Dhabi's sovereign wealth fund Mubadala shows that its position in BlackRock's spot Bitcoin ETF (IBIT) has increased to 8.727 million shares, with a market value of $408.5 million, representing a 6% growth compared to the holdings at the end of 2024. This investment coincides with high-level interactions on crypto policy between the U.S. and the UAE. David Sacks, an AI and crypto advisor appointed by President Trump, discussed opportunities for the integration of digital currencies and artificial intelligence with UAE officials on March 20.