CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Daily 2025-02-15 10:27:57

Abu Dhabi’s Sovereign Wealth Fund Discloses Substantial BTC Holdings

In another sign of growing institutional interest in Bitcoin (BTC), Mubadala Investment, one of Abu Dhabi’s sovereign wealth funds, has disclosed it holds $436 million in Bitcoin ETF holdings, according to a United States Securities and Exchange Commission (SEC). BTC briefly spiked to $98,000 following the news but has marginally declined to its current level of $97,443. Abu Dhabi’s Bitcoin Investment Mubadala Investment, one of Abu Dhabi’s sovereign wealth funds, has disclosed a $436 million investment in spot Bitcoin ETFs. The disclosure comes as wealth funds and governments globally are betting on the asset and the crypto market. Recent filings with the Securities and Exchange Commission have revealed a growing trend of Bitcoin ETF exposure. On Friday, the State Wisconsin Investment Board reported $321 million in BlackRock iShares Bitcoin Trust (IBIT) ETF holdings. Analysts expect more such instances in 2025. “JUST IN: Abu Dhabi's sovereign wealth fund discloses $436 million Bitcoin ETF holdings.” The crypto market has high hopes for 2025, with the United States electing Donald Trump as president, heralding a pro-crypto administration. Trump has promised an overhaul of the crypto policy in the US. Two months into the new year, However, some market watchers believe the US is late to the party, with other countries embracing BTC in a major way, one of them being Abu Dhabi. Global Implications There has been a growing trend of covering wealth funds embracing crypto in recent years. Several countries, including Norway, Singapore, Saudi Arabia, Canada, and the UAE, have embraced the asset class. The growing popularity of Bitcoin ETFs has made BTC more accessible to investors. Bitcoin evangelist Anthony Pompliano believes Abu Dhabi’s sovereign wealth fund’s investment in BTC bodes well for a potential strategic reserve in the US. “Abu Dhabi’s sovereign wealth fund just revealed they are buying hundreds of millions of dollars worth of Bitcoin, and people still think the United States won’t buy Bitcoin. The strategic reserve is happening.” Market watchers believe the US will soon be among countries investing in Bitcoin, with Trump reiterating plans for a strategic Bitcoin reserve. Bullish Predictions For Bitcoin With growing institutional interest and involvement in Bitcoin, analysts are bullish on the flagship cryptocurrency. ARK Invest CEO Cathie Wood reiterated her prediction, stating the chances of Bitcoin reaching $1.5 million have increased, thanks to interest from institutional investors. Anthony Pompliano also believes BTC is on track to hit $1 million. Several corporate entities are also ramping up their interest in Bitcoin, with video game retailer GameStop the latest considering making an investment in the flagship cryptocurrency. Meanwhile, Dubai is set to host the second edition of the Middle East Blockchain Awards (MEBA). MEBA is returning for its second year after a successful inaugural edition. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen