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BTC $65,802.44 -2.33%
ETH $1,924.32 -5.18%
BNB $614.10 -2.31%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $461.42 -4.12%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

ibit

As of the end of last year, the Abu Dhabi Fund held over $1 billion in BlackRock's Bitcoin spot ETF

According to The Block, as reported in regulatory filings submitted on Tuesday, two Abu Dhabi-based funds held over $1 billion in BlackRock's flagship spot Bitcoin ETF as of the end of last year.The sovereign wealth fund Mubadala Investment Company disclosed that it holds 12,702,323 shares of the BlackRock fund (ticker: IBIT), valued at approximately $631 million. Additionally, according to two separate 13F filings submitted to the U.S. Securities and Exchange Commission, the government-affiliated investment firm Al Warda Investments reported holding 8,218,712 shares, valued at $408 million.In the case of Mubadala, its 13F filing shows that the number of IBIT shares held by the fund increased by 46% compared to the filings submitted to the SEC in the third quarter. For most of last year, this Abu Dhabi fund held over 8 million shares of IBIT. BlackRock's spot BTC fund is the largest of its kind, managing approximately $58 billion in assets.Due to the decline in Bitcoin prices in recent months, the fund's value has significantly shrunk. 13F filings are submitted quarterly to the SEC by institutional investment managers with assets under management of at least $100 million, disclosing their stock holdings at the end of each fiscal period. Since 13F reports only require the disclosure of long positions in U.S. stocks and stock options, they can only partially reflect the overall investment strategy of the investment managers.

The heads of the central bank and the securities regulatory commission: The domestic policy stance has always been prohibitive towards activities related to virtual currencies

According to Jinshi reports, relevant officials from the People's Bank of China and the China Securities Regulatory Commission answered reporters' questions regarding the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies." They stated that regarding virtual currencies, there has long been a prohibitive policy stance on related business activities within the country.In 2013, the People's Bank of China and five other departments jointly issued the "Notice on Preventing Bitcoin Risks," which clarified that Bitcoin is a specific virtual commodity and should not be circulated or used as currency in the market. The "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation," issued in 2021, further clarified that Bitcoin, Ethereum, and stablecoins such as Tether do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is considered illegal financial activity and is strictly prohibited.The notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.
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