Abu Dhabi Investment Council Doubles Down on Bitcoin ETF with $518 Million Stake

The Abu Dhabi Investment Council (ADIC) has made a significant move in the cryptocurrency market, doubling its stake in Blackrock’s iShares Bitcoin Trust ETF. The investment, valued at nearly $518 million, signals increasing institutional confidence in the digital asset. This substantial acquisition was made during the third quarter and adds to ADIC’s already impressive holdings within the Bitcoin space.