Abu Dhabi Fund Triples Bitcoin Exposure to $500M Ahead of Market Dip

• The Abu Dhabi Investment Council tripled its BlackRock Bitcoin ETF holdings in Q3.
• Together with parent company Mubadala, the sovereign funds hold over $1 billion in IBIT.
• This accumulation aligns with global sovereign moves, including El Salvador’s recent $100M buy.

Abu Dhabi’s sovereign wealth arm has tripled its exposure to Bitcoin. Regulatory filings reveal the Abu Dhabi Investment Council (ADIC) significantly increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) during the third quarter. 

Additionally, the move signaled rising confidence from Middle Eastern wealth funds seeking broader diversification while global investors reassessed risk after the October downturn.

The $1 Billion Bet: Inside Abu Dhabi’s Bitcoin Portfolio

Bloomberg data showed the council increased its stake from 2.4 million shares in the previous quarter. The position car…

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