In recent 13F forms requests, Abu Dhabi’s Sovereign Wealth Fund revealed Mubadala Investment Company and the State of Wisconsin Investment Board exposure to Bitcoin (BTC) via BlackRock’s Ishares Bitcoin Trust (IBIT) Exchange-Traded).
Mubadalas submit shows more than 8.2 million shares of IBIT worth nearly $ 437 million. According to the official website of the Sovereign Fund, this represents 0.14% of the $ 302 billion under management.
In particular, reports appeared during the Abu Dhabi Bitcoin -Top in November that Gulf -Olielanden invested in Bitcoin.
Changpeng Zhao, founder and former CEO of Binance, marked That the report relates to one of the many sovereign wealth funds from Abu Dhabi.
Other relevant investment entities in its jurisdiction are the Abu Dhabi Investment Authority (ADIA), the Abu Dhabi Developmental Holding Company (ADQ) and the Emirates Investment Authority (EIA).
According to their latest financial reports, it is estimated that these four sovereign power funds collectively manage $ 1.6 trillion.
Sina G., COO of 21st Capital, said The Movement of Abu Dhabi marks the start of the “Nation-State Bitcoin Adoption Race.”
In addition, the investment confirms Abu Dhabi’s efforts to become a relevant jurisdiction in crypto. The capital of the United Arab Emirates Recently integrated Tether USD (USDT) Stablecoin in his financial system and laid the land for a joint effort Van Coinbase and Chainlink to stimulate institutional acceptance in the region.
Wisconsin doubles exposure
In the meantime, the state of Wisconsin Investment Board (SWIB) revealed increased exposure to Bitcoin via IBIT with almost 110% compared to the second quarter of 13F form. In SWIBs Last requestThe number of shares rose from 2,898,051 to 6,060,351.
From December 31, the Bitcoin exposure of the state fund was worth $ 321.5 million, and IBIT is the only Bitcoin ETF to which it has been exposed since the second quarter after realizing 1 million GBTC shares of Grayscale.
SWIB is an independent government agency that manages the assets of the Wisconsin Retirement System, the State Investment Fund (SIF) and other state funds.
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