Abu Dhabi’s ADIC has made a significant move in the cryptocurrency market by tripling its Bitcoin ETF holdings to nearly $518 million. This strategic investment signals a growing shift towards regulated crypto products and boosts Bitcoin’s legitimacy within financial markets. 8 million shares in BlackRock’s iShares Bitcoin Trust ETF represents a substantial institutional foray into digital assets, highlighting ADIC’s diversification strategy. Mubadala Investment Co., another major player in the sector, maintains its existing position of 8.7 million shares without change. The investment may impact Bitcoin’s market profile, potentially influencing spot crypto markets prices and liquidity. This move supports broader crypto asset acceptance by institutions, particularly those involved in stable and regulated products. ADIC’s commitment could encourage other similar investments from regulated entities, further legitimizing Bitcoin ETFs as viable investments.