Mubadala Invests $408 Million in BlackRock’s Bitcoin Trust

Abu Dhabi’s sovereign wealth fund, Mubadala, has significantly increased its stake in Bitcoin ETFs, investing an additional $408.5 million into the iShares Bitcoin Trust (IBIT) according to a recent 13F filing. This strategic move comes as major institutional investors are showing increasing interest in regulated and secure ways to access the crypto market, specifically through ETFs like IBIT. Mubadala’s portfolio now holds over 8.7 million shares of IBIT, reflecting a significant shift towards Bitcoin.