Mubadala Bolsters Bitcoin ETF Holdings by 6%, Signaling Growing Institutional Confidence

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has significantly increased its holdings in BlackRock’s Bitcoin spot exchange-traded fund (IBIT). This move represents a notable 6% rise in value, exceeding $408.5 million. Mubadala’s decision underscores the increasing acceptance of Bitcoin within institutional circles and signals a growing market confidence in digital currencies.