The Abu Dhabi Investment Committee significantly increased its holdings of Bitcoin ETFs in Q3, with total holdings valued at approximately US$518 million at the time.

PANews reported on November 19 that according to Bloomberg, the Abu Dhabi Investment Council (ADIC) more than tripled the size of its Bitcoin ETF holdings in the third quarter. According to regulatory filings, the independently operated institution of sovereign wealth fund Mubadala Investment Co. increased its share of BlackRock’s iShares Bitcoin Trust ETF to nearly 8 million shares as of September 30, which was valued at approximately $518 million at the time. Three months ago, its holdings were only 2.4 million shares. An ADIC representative said the company is gradually allocating small amounts of Bitcoin as part of a long-term diversified investment strategy.

In addition, Mubadala separately disclosed that as of the end of the third quarter, the company held 8.7 million shares of the same Bitcoin ETF (stock code: IBIT), valued at US$567 million. This position was the same as three months ago.

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