The State of Wisconsin Investment Board and Abu Dhabi’s sovereign wealth fund Mubadala Investment Company revealed their exposure to Bitcoin (BTC), through BlackRock’s iShares Bitcoin Trust exchange-traded funds (ETFs), in recent 13F forms.
Mubadala’s The following is a list of the most recent filings. The IBIT shares are worth over $437 Million. According to the sovereign fund’s official website, this represents 0.14% of the $302 billion under its management.
Reports surfaced at the Abu Dhabi Bitcoin Summit last November indicating that Gulf Oil nation investors were also investing in Bitcoin.
Changpeng Zhao is the founder and former CEO Binance. highlighted This report was about Abu Dhabi’s sovereign wealth fund.
Abu Dhabi Investment Authority and Emirates Investment Authority.
These four sovereign wealth fund are said to collectively manage $1.6 trillion according to the latest financial reports.
Sina G., CEO of 21st Capital The following are some of the ways to get in touch with each other Abu Dhabi’s move marks the start of the “nation-state Bitcoin adoption race.”
Abu Dhabi has also confirmed its efforts to be a jurisdiction relevant in the crypto world. The capital city of the United Arab Emirates Recent Integration Incorporated the USDT (Tether USD) stablecoin in its financial system, and laid the basis for an eventual adoption of a joint effort Coinbase Chainlink and other institutions will help boost the adoption of blockchain technology in this region.
Wisconsin doubles exposure
The State of Wisconsin Investment Board revealed that it had increased its exposure to Bitcoin through IBIT, by almost 110% when compared with the second quarter’s 13F. In SWIB’s The latest newsThe number of shares has jumped from 2 898 051 to 6 060 351.
Since the second quarter of 2014, the fund has invested in IBIT after purchasing 1 million Grayscale’s GBTC shares.
SWIB (State Investment Board) is an independent agency of state that administers Wisconsin Retirement System assets, State Investment Funds and other funds.
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