Abu Dhabi Sovereign Wealth Fund Stockpiles $436 Million in BlackRock Bitcoin ETF Shares

Quick Summary:

Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, bought $436 million in Bitcoin ETF shares.

Mubadala did not immediately respond to a request for comment from Decrypt.

As one of the United Arab Emirates, Abu Dhabi is part of a growing crypto sector in the Middle East.

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Article Details

Author / Journalist: André Beganski

Category: Crypto

Markets: EstoniaChinaEl SalvadorUnited Arab EmiratesUnited Kingdom

Topics: Bitcoin ETFs Markets United arab emirates Bitcoin BlackRock Abu Dhabi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 20:30:07 (4 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 26154478

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

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Year Established: 2018

Headquarters: Estonia

News Last Updated: 8 hours ago

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Publisher ID: #63

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