Abu Dhabi Investment Authority Doubles Bitcoin ETF Holdings in Third Quarter

The Abu Dhabi Investment Committee (ADIC) significantly boosted its holdings of Bitcoin exchange-traded funds (ETFs) during the third quarter. ADIC’s investment in BlackRock’s IBIT has more than tripled, increasing to nearly 8 million shares and a value exceeding $518 million at the end of the quarter. ADIC intends to maintain this allocation as part of a long-term strategy, viewing Bitcoin as a secure store of value comparable to gold. The sovereign fund Mubadala, meanwhile, maintained its existing stake of 8.7 million shares in IBIT.