Abu Dhabi Wealth Fund Buy $437 Millions Worth Of BlackRock's Bitcoin ETF

Murtuza Merchant

February 14, 2025

Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has acquired $436.9 million worth of shares in BlackRock's (NYSE:BLK) spot Bitcoin (CRYPTO: BTC) exchange-traded fund during the last quarter of 2024.

What Happened: A regulatory filing released on Friday confirmed the purchase, marking one of the first known sovereign wealth fund allocations to Bitcoin-related financial products.

The investment coincided with BlackRock obtaining a commercial license to operate in Abu Dhabi in November.

BlackRock's Bitcoin ETF, (NASDAQ:IBIT), has grown to become the largest spot Bitcoin ETF by assets under management, holding approximately $56 billion, according to data from The Block.

Mubadala manages investments on behalf of the Abu Dhabi government and has previously demonstrated interest in digital assets.

Also Read: El Salvador’s Bitcoin President Nayib Bukele Meets Michael Saylor To ‘Accelerate Adoption’

Why It Matters: In 2023, the government backed a Bitcoin mining initiative, with Marathon Digital and Zero Two announcing plans to develop a large-scale mining facility in the emirate.

This latest investment reflects the increasing acceptance of digital assets among institutional investors, particularly in the Middle East, where governments and financial institutions are expanding their involvement in blockchain and cryptocurrency markets.

Mubadala's decision to invest in a Bitcoin ETF aligns with a broader trend of sovereign wealth funds exploring digital assets as part of their diversification strategies.

As institutional interest in Bitcoin continues to rise, this move positions Abu Dhabi among a growing list of governments integrating cryptocurrency into traditional investment portfolios.

Read Next:

‘Bad Trump To Good Trump’ Means Bitcoin Could Go To $102,500, Standard Chartered Says

Image created using artifical intelligence with Midjourney.

Recommended

Elon Says Tesla's Next Move Could "Affect the Future of the World" - Ad

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks - Ad

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

SOFIA, Bulgaria (AP) — Thousands took to the streets of Sofia, capital, Wednesday to denounce steep tax increases in next year’s draft budget before its final vote in parliament.

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

AI Learns To Forecast U.S. Stock Prices, To The Cent, Days In Advance

AI Learns To Forecast U.S. Stock Prices, To The Cent, Days In Advance - Ad

Breakthrough AI created by former Air Force nuclear missile coder would have already gotten you in early on Amazon, Meta, and Tesla.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

Schwab: Half Of US Investors May Ditch Other Assets For ETFs — 4 Funds To Watch

Nearly half of ETF investors could go all-ETF within five years, Schwab says. Here's how they're building portfolios with funds like ITOT, BND, and XLK.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Declares This Year's "Season of Surge" - and the Timing Couldn't Be More Perfect.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Declares This Year's "Season of Surge" - and the Timing Couldn't Be More Perfect. - Ad

These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. And for Black Friday, Eric Fry is giving away the names, tickers, and full analysis in a first-ever free broadcast.

Wendy's to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

What's Going On With Surf Air Mobility Stock Monday?

Surf Air Mobility raises $26M equity and partners with Palantir to advance SurfOS software, expand engineering.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Crash In BTC, ETH, Gold, Silves Prices, But Says He's Buying, Not Selling: Here's Why

Robert Kiyosaki, author of “Rich Dad Poor Dad,” has shared his investment strategy amid predictions of an economic downturn.

Donald Trump Fueled Bitcoin's Rise Beyond $100,000 — Can BTC Survive His 2028 Exit?

Bitcoin (CRYPTO: BTC) may face its biggest political stress test yet in 2028 when President Donald Trump leaves office and the pro-crypto admin

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Washington's struggling economy takes another economic hit from the government shutdown

WASHINGTON (AP) — With the combination of the , the mass firings of government workers and a , the Capital Area Food Bank in Washington is bracing for the swell of people who will need its help before the holiday season.

Black Friday Alert: Huge Tesla Shift Ahead?

Black Friday Alert: Huge Tesla Shift Ahead? - Ad

Tesla could be on the verge of its biggest change ever. Insiders are warning of a coming "critical inflection point" that could have ripple effects across the entire stock market. Do NOT buy or sell Tesla stock during Black Friday week until you see this.

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

NEW YORK (AP) — AT&T has reached a combined $177 million settlement over two . And impacted consumers have a little over a month left to file a claim for their chunk of the money.

Attackers board a ship off the coast of Somalia after firing rocket-propelled grenades

DUBAI, United Arab Emirates (AP) — Attackers firing machine guns and rocket-propelled grenades boarded a ship off the coast of on Thursday, British officials said, likely the latest assault by resurgent Somali pirates operating in the region.

Global Demand for Defense Metals Is Surging 7X

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

StubHub Analyst Warns Of Timing Shifts And Weak Visibility

StubHub shares slid after a key analyst cut long-term growth expectations and flagged rising uncertainty around 2026 momentum.

Peloton Stock Rallies After Q1 Earnings: Here's Why

Peloton stock climbs after the company released its first-quarter earnings report after Thursday's closing bell.

Is Nvidia About to Trigger Another 150X Opportunity This Black Friday?

Is Nvidia About to Trigger Another 150X Opportunity This Black Friday? - Ad

Nvidia gave investors the rare chance to make more than 150 times their money with its breakthrough AI chips known as graphic processing units. Now, legendary investor Louis Navellier believes a new invention-unveiled just in time for Black Friday-could be even more revolutionary... and potentially mint a new wave of millionaires.

Serbia passes a special bill enabling Trump's son-in-law to build luxury complex despite opposition

BELGRADE, Serbia (AP) — Serbian lawmakers on Friday passed a special law clearing the way for a proposed real estate project that would be financed by an investment company linked to Donald Trump’s son-in-law despite and legal hurdles.

Quantum Computer That Could 'Hack Everyone's Crypto': Why Eric Jackson Is Betting On BTQ Technologies As His Next 100-Bagger

Eric Jackson names BTQ his next 100-bagger, betting it can stop quantum computers from "hacking everyone's crypto."

Elon Says Tesla's Next Move Could "Affect the Future of the World"

Elon Says Tesla's Next Move Could "Affect the Future of the World" - Ad

Get ready for what could be the biggest corporate pivot in U.S. history. Tesla insiders are preparing for a dramatic new launch (not driverless cars) but something far bigger. You're almost out of time to prepare.

Criminal case against Boeing over deadly 737 Max plane crashes is dismissed by a US judge

A federal judge in Texas has agreed to dismiss a criminal conspiracy charge against Boeing in connection with two that killed 346 people.

Turkey Issues Arrest Warrants For Netanyahu, Other Israeli Officials Over Gaza Genocide: Report

Turkey issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and 36 other officials, accusing them of genocide in Gaza.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks - Ad

Apple's Satellite-Powered Features for iPhones: A Journey Spanning Over A Decade

Apple continues to make strides in its decade-old satellite connectivity project. The tech giant is reportedly developing a range of innovative features to enhance its satellite services.

Summit of EU, Latin America and Caribbean nations aims to strengthen ties amid US military operation

BOGOTA, Colombia (AP) — Representatives of European, Latin American and Caribbean nations will meet Sunday in Colombia to try to strengthen ties amid divisions in the Western Hemisphere over targeting alleged drug-carrying vessels.

Is Nvidia About to Spark Another 150X Opportunity This Black Friday?

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Nvidia once handed investors the chance to make 150X on its breakthrough AI chips. Now, legendary investor Louis Navellier says a new invention-perfectly timed for Black Friday-could be even bigger.

US and European energy leaders in Greece to talk ways to better supply Ukraine

ATHENS, Greece (AP) — Energy ministers from the United States and European countries were holding talks Thursday in Greece on how to use a newly upgraded regional pipeline network to better supply as the Trump administration seeks to further .

Lucid Group (LCID) Stock Down As Q3 Revenue Misses, Key Engineer Departs

Lucid Group shares continued their slide Friday afternoon, following the company's third-quarter 2025 results released Wednesday, which missed analyst expectations.

AI Learns To Forecast U.S. Stock Prices, To The Cent, Days In Advance

AI Learns To Forecast U.S. Stock Prices, To The Cent, Days In Advance - Ad

Breakthrough AI created by former Air Force nuclear missile coder would have already gotten you in early on Amazon, Meta, and Tesla.

Pfizer Clinches $10 Billion Deal To Buy Obesity Drug Maker Metsera, Outbidding Novo Nordisk In Fierce Battle For Weight-Loss Market Dominance

Nvidia CEO Jensen Huang cautioned Elon Musk against underestimating the challenges of semiconductor manufacturing, saying building a chip fab like TSMC's is "extremely hard."

Harvard University Increased Its Bitcoin IBIT Stake By 257% In Q3: 'As Good A Validation As An ETF Can Get'

Harvard University significantly increased its stake in the iShares Bitcoin Trust ETF, according to the latest 13F filing released on Friday.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Declares This Year's "Season of Surge" - and the Timing Couldn't Be More Perfect.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Declares This Year's "Season of Surge" - and the Timing Couldn't Be More Perfect. - Ad

Former colleagues pay tributes to pilots killed in UPS cargo plane crash in Kentucky

LOUISVILLE, Ky. (AP) — Former colleagues are mourning three pilots killed in a in Louisville, Kentucky, as relatives of a man who was pulled from the wreckage confirm he’s among those who died.

Tesla Showroom Fire Destroys 24 Vehicles In France — Authorities Suspect Arson: Report

Tesla showroom in France reported a fire incident, which destroyed over 24 cars. Authorities say no casualties recorded.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

All 14 victims identified from fiery UPS cargo plane crash in Louisville

LOUISVILLE, Ky. (AP) — A grandfather and his young granddaughter. An electrician with two young children. A woman standing in line at a scrap metal business.

Trending Now

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

EPAM Confident On Growth, Initiates $1 Billion Stock Buyback

Legally "Skim" $6,361 Into Your Account? - Ad

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

Veterans Day: What's open, what's closed

Black Friday Alert: Huge Tesla Shift Ahead? - Ad

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

Trump-Pardoned Ponzi Schemer Faces 37-Year Sentence For $44 Million COVID Scam

Global Demand for Defense Metals Is Surging 7X - Ad

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

Is Nvidia About to Trigger Another 150X Opportunity This Black Friday? - Ad

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Elon Says Tesla's Next Move Could "Affect the Future of the World" - Ad

Denmark eyes new law to protect citizens from AI deepfakes

Rivian Automotive CEO Gets An Elon Musk-Style Pay Raise

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks - Ad

'No hire' job market leaves unemployed in limbo as threats to economy multiply

What to know about 10% reduction in flights at U.S. airports caused by the government shutdown

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Bill.Com Scales Payments Footprint With 33 Million Transactions

Qatar Airways to sell its holdings in Hong Kong's Cathay Pacific for $896 million

AI Learns To Forecast U.S. Stock Prices, To The Cent, Days In Advance - Ad

Trump administration moves to loosen restrictions it once supported on a harmful pollutant

Rand Paul Warns Of 'Farmageddon' As Tariffs Hit Farmers, Says Supreme Court Must Rein In Trump's Executive Tax Power

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Declares This Year's "Season of Surge" - and the Timing Couldn't Be More Perfect. - Ad

Trump's Approval Rating Hits New Low: Voters Blame Republican Party For Government Shutdown

Purdue Pharma's deal means money for some victims, end of Purdue company name. Here's what to know

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

MP Materials Stock Rebounds After Losses Following Mixed Q3 Results

First Trust Launches Critical Metals ETF As Demand For Clean Energy, EV Materials Heats Up

Legally "Skim" $6,361 Into Your Account? - Ad

Why Is Sigma Lithium Stock Gaining Friday?

Trump Wants Washington Commanders' $3.7 Billion Stadium Named After Him: Report

Black Friday Alert: Huge Tesla Shift Ahead? - Ad

Apple Beats Earnings, $1 Billion Google AI Deal, Budget Mac And More: This Week In Appleverse

Asian shares advance as tech shares rebound from AI jitters

Global Demand for Defense Metals Is Surging 7X - Ad

Latest opioid settlement plan with OxyContin maker Purdue and Sackler family getting few objections

Bitcoin, Ethereum, Dogecoin, XRP Jump On Hopes Government Shutdown Will End: Arthur Hayes Predicts BTC '2 Da Moon' As 'Printing Money' Begins Again

Is Nvidia About to Trigger Another 150X Opportunity This Black Friday? - Ad

Billionaire Cari Tuna on why the organization she started will offer free advice to other donors

Gavin Newsom Calls Trump 'Invasive Species' As Redistricting War Heats Up Between California, Texas

Elon Says Tesla's Next Move Could "Affect the Future of the World" - Ad

Trump's China Tariff U-Turn, Ray Dalio's 'Melt-Up' Warning And More: This Week In Economy

Can Solana Do What Bitcoin Can't? Amplify's New ETF Aims For 36% Income

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks - Ad

Flying-Taxi Maker Archer Loses Altitude As Investors Question Costly Airport Move

What's Going On With Home Depot Shares Monday?

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.