In a recent 13F form filing, Abu Dhabi Sovereign Wealth Fund Mubadara Investment Company and Wisconsin Investment Commission reveals exposure to Bitcoin (BTC) through BlackRock's iShares Bitcoin Trust (IBIT) Exchange-Traded Fund (ETF) I've done it.
Mbadara Submit It shows more than 8.2 million shares of IBIT, close to $437 million. According to the official Sovereign Fund website, this represents 0.14% of the $300 billion under control.
In particular, reports emerged that Gulf oil countries were investing in Bitcoin during the Abu Dhabi Bitcoin Summit in November.
Changpeng Zhao, founder and former CEO of Binance; Highlighted The report relates to one of Abu Dhabi's many sovereign wealth funds.
Other investment institutions associated with that jurisdiction include the Abu Dhabi Investment Authority (ADIA), the Abu Dhabi Developmental Holdings Company (ADQ), and the Emirates Investment Authority (EIA).
Their latest financial report estimates that these four sovereign wealth funds will collectively manage $1.6 trillion.
Sina G., COO of the 21st capital; I said The Abu Dhabi movement marks the beginning of the “National State Bitcoin Adoption Race.”
Furthermore, the investment affirms Abu Dhabi's efforts to become relevant jurisdiction in crypto. The capital of the Arab capital Recently integrated Tether USD (USDT) Stablecoin's financial system, Joint efforts Coinbase and ChainLink will promote institutional adoption in the region.
Wisconsin doubles exposure
Meanwhile, the Wisconsin Investment Board (SWIB) revealed nearly 110% increase in Bitcoin exposure via IBIT compared to the 13F form in the second quarter. On Swib Latest submissionthe number of shares jumped from 2,898,051 to 6,060,351.
As of December 31, the state fund's Bitcoin exposure was worth $321.5 million, and IBIT is the only one to have exposed since the second quarter after realising one million shares of Grayscale's GBTC. It's a Bitcoin ETF.
SWIB is an independent state agency that manages the assets of the Wisconsin Retirement Plan, State Investment Funds (SIFs), and other state funds.
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