Abu Dhabi’s Mubadala Investment Company made a significant move in the crypto market by investing $436.9 million in a Bitcoin ETF during Q1 2024. This purchase highlights growing institutional interest in Bitcoin and signals an adaptation of pension fund strategies for a changing landscape. While Mubadala’s investment increased the company’s position among the largest Bitcoin ETF holders, Wisconsin Fund exited the Bitcoin market, demonstrating shifting dynamics within institutional crypto investments. 8.2 million shares were purchased, boosting Bitcoin’s price by 1%. The industry has acknowledged that this is a major shift as more traditional entities like sovereign wealth funds are embracing digital assets. The SEC filings for both Mubadala and Wisconsin Fund offer insights into their respective actions.