Abu Dhabi sovereign wealth fund Mubadala is currently the seventh largest holder of BlackRock Bitcoin ETF

Bloomberg senior analyst James Seyffart released data on the X platform indicating that Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, is currently the seventh largest known holder of BlackRock Bitcoin ETF (IBIT), holding IBIT worth $461.23 million. This shows that traditional financial institutions are increasingly interested in the cryptocurrency market and are beginning to participate through investments in Bitcoin ETFs and other methods.