Visconsin, Abu Dhabi reveal hundreds of millions in Bitcoin ETFS

Visconsin more than doubled Bitcoin exposure for three months, while the sovereign wealth fund of Abu Dhabi publicly discovered his shopping bitcoin.

The state of the investment board of Wisconsin acquired an additional 3.1 million shares of Blackrock’s Ishara Bitcoin (Btc) Trust in Q4 2024, according to 13f security submission

Last year, Wisconsin became the first sovereign fund that received exposure to Bitcoin ETFS. At first, the board bought almost 95,000 Ibit actions and also invested in Greschlovni Bitcoin ETF. The Visconsin had to August increased His farms to about 2.9 million shares. From the latest submission, its total assets of BitCoin ETF is worth about $ 588 million, with BTC trading below $ 99,000.

Bitcoin ETF Audrocity in Abu Dhabi

Over the borders, in the Middle East, another institutional investor that supports the government also awarded the funds to spot BTC ETFS.

SEC EDGAR RECORDS shown That the sovereign wealth fund of Abu Dabi, also known as the investment company Mubadala, gained shares in Blacrock IBIT until 31. December. Of December. Mubadala oversees large investments for Abu Dhaba, the capital of the United Arab Emirates.

Submission suggests that Mubadala bought the Bitcoin ETF Abu Dhabi ETF around November, with Blackkrock, which will ensure local regulators license to offer crypto services.

Consumption of almost half a billion dollars on Bitcoin exposure means a significant move for Abu Dhabi government. However, the capital of the UAE has previously invested in BTC mining, attracted the main firms such as digital marathers to support their local mining industry in 2023. years.