Abu Dhabi Funds Significantly Increase Stake in BlackRock Bitcoin ETF
According to recent regulatory filings, as of the end of last year, two major Abu Dhabi-based funds have significantly increased their holdings in BlackRock's spot Bitcoin ETF. Mubadala Investment Company reported owning over 12.7 million shares, valued at approximately $631 million. Meanwhile, AlWarda Investments, a government-linked entity, held more than 8.2 million shares, worth around $408 million.
Bitcoin Market Volatility Impacts ETF Value
Notably, Mubadala increased its stake in BlackRock’s Bitcoin ETF by 46% in the fourth quarter compared to the previous quarter, signaling continued confidence in the asset. However, the overall value of the ETF has declined due to recent volatility in Bitcoin prices.
13F Filings Offer Insights into Institutional Trends
Under SEC rules, institutional investment managers with over $100 million in assets under management must file 13F reports quarterly, revealing their long positions in U.S. equities. While these filings do not fully capture an institution’s entire investment strategy, they provide valuable insights into broader market trends.