Abu Dhabi’s Sovereign Wealth Fund Reveals $408 Million Investment In BlackRock’s Bitcoin ETF

Mubadala, Abu Dhabi’s sovereign wealth fund, has made a significant investment in the iShares Bitcoin Trust (IBIT), as revealed in a 13F filing released today. The fund disclosed a $408.5 million stake in IBIT, holding 8,726,972 shares as of March 31, 2025, representing an increase from the previous quarter.

This move by Mubadala adds momentum to the growing interest in U.S. spot Bitcoin ETFs, which have been experiencing substantial inflows in May. With inflows totaling $674.9 million on May 2, $425.45 million on May 5, and $334.58 million on May 9, institutional investors are showing a strong preference for IBIT, BlackRock’s Bitcoin ETF, which alone attracted $232.46 million.

The increased exposure of Mubadala to Bitcoin comes at a time when high-level discussions are taking place between U.S. crypto policy leaders and the UAE. Earlier this year, on March 20, newly appointed President Trump’s AI and Crypto Czar David Sacks met with Emirati officials to discuss the future of digital currencies and artificial intelligence.

During the meeting, discussions revolved around the transformative effects of artificial intelligence and the expanding role of digital currencies in reshaping financial systems. Both parties emphasized the importance of collaboration and forward-looking strategies to drive sustainable growth and achieve long-term impact.

The UAE has witnessed a rise in Bitcoin adoption, with the country hosting events like the Bitcoin MENA Conference in Abu Dhabi. Notable figures, including Eric Trump, have expressed support for Bitcoin, citing its role as a global asset that provides protection against uncertainty and disruptions. Trump highlighted Bitcoin’s decentralized nature as a superior alternative to traditional finance, calling it a store of value and a hedge against various risks.

Eric Trump expressed confidence in Bitcoin’s future, stating his belief that it will reach $1 million. He emphasized the power of Bitcoin as a hedge against inflation, political instability, and natural disasters, underscoring its potential to revolutionize the financial landscape.

Overall, Mubadala’s investment in IBIT reflects the growing interest in Bitcoin among institutional investors, signaling a positive outlook for the cryptocurrency market. The discussions between U.S. and UAE officials further highlight the potential for collaboration in advancing digital currencies and artificial intelligence technologies.