Bitcoin ETF: Abu Dhabi Sovereign Wealth Fund Discloses $437 Million BlackRock Holdings 🌍
Abu Dhabi's sovereign wealth fund has disclosed a substantial investment totaling $437 million in BlackRock's spot Bitcoin ETF.
This investment revelation came following a recent filing with the United States Securities and Exchange Commission.
The purchase was made in the final quarter of 2024, subsequent to BlackRock obtaining a commercial license to operate in Abu Dhabi last November.
This move underscores the growing institutional interest and confidence in Bitcoin and related financial instruments, especially from sovereign entities.
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