Abu Dhabi Investment Council Holds $520M in Bitcoin
The Abu Dhabi Investment Council tripled its Bitcoin exposure in Q3 through BlackRock's IBIT ETF, increasing holdings from 2.4 million to nearly 8 million shares valued at approximately $520 million. The move signals growing institutional conviction from sovereign wealth funds, reinforcing the UAE's position as a global digital asset hub
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Abu Dhabi Investment Council Holds $520M in Bitcoin
The Abu Dhabi Investment Council tripled its Bitcoin exposure in Q3 through BlackRock's IBIT ETF, increasing holdings from 2.4 million to nearly 8 million shares valued at approximately $520 million. The move signals growing institutional conviction from sovereign wealth funds, reinforcing the UAE's position as a global digital asset hub