Abu Dhabi invests $ 437 million in Bitcoin ETFS, Visconsin doubles his farm

4 weeks ago

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Abu Dhabi invests $ 437 million in Bitcoin ETFS, Visconsin doubles his farm

In recent 13f reports, Abu Dhabi’s sovereign wealth of Mubadal Investment Company and the state of investment board Wisconsin revealed exposure to Bitcoin (Btc) through Blackrock’s Ishares Bitcoin Trust (Ibit) Trade fund (ETF).

Mubadala’s submission Displays over 8.2 million IBB shares worth almost 437 million dollars. According to the official Sovereign Fund website, it represents 0.14% of $ 302 billion under his management.

It is known to have applied during the summit of Abu Dhabi Bitcoin in November that they invested in Bitcoin in Bitcoin.

Changpeng ZhaoFounder and former CEO Stage, prominent That the report refers to one of the many sovereign resources of Abu Dhabi.

Other relevant investment subjects in their jurisdiction include Abu Dhabi Investment Artion (Adia), Abu Dhabi Deformal Holding Company (ADK) and Emirates Investment Aluat (EIA).

According to their latest financial statements, these four sovereign resources resources are estimated to manage $ 1.6 trillion together.

Son of Mr., COO 21. Capital, said The movement of Abu Dhabi marks the beginning of the “National Bitcoin Adoption Race”.

Moreover, the investment confirms the efforts of Abu Dhabi to become relevant jurisdiction in Kriptou. The capital of the United Arab Emirates recently integrated Tied USD (USDT) stablecoin into its financial system and laid land for a joint effort From the waiter and chain chain to strengthen institutional adoption in the region.

Wisconsin Exposure Textbook

In the meantime, the state of the Visconsin’s investment board (SVIB) revealed increased exposure to Bitcoin through IBIT for almost 110% compared to the second quarter 13f. In a piggy Latest ApplicationsThe number of shares jumped from 2,898,051 to 6,060,351.

From 31. December, the exposure of Bitcoin State Fund was worth $ 321.5 million, and Ibit is the only Bitcoin ETF to which he has exposure from the second quarter after he realized a million GBTC shares in GBTC.

SVIB is an independent state agency that manages the property of the Visconsin retirement system, the State Investment Fund (SIF) and other state funds.