Mubadala Doubles Down on BlackRock’s Bitcoin ETF, Investing $408 Million

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has significantly increased its investment in Blackrock’s spot Bitcoin ETF. The company’s holdings now stand at $408.5 million, representing a substantial expansion of their exposure to the cryptocurrency market. This action reflects growing confidence in Bitcoin’s potential and aligns with wider institutional interest in crypto assets.