Abu Dhabi's Mubadala Invests $437 Million in BlackRock's Bitcoin ETF, Joining Goldman Sachs' $1.5 Billion Holdings Amid $581 Million Outflow

Abu Dhabi's sovereign wealth fund, Mubadala, has made a notable investment in BlackRock's Bitcoin ETF, acquiring over 8.2 million shares valued at approximately $437 million by the end of 2024. This marks the first instance of a sovereign wealth fund investing directly in a Bitcoin ETF. The fund's stake has positioned it among the largest holders of Bitcoin ETFs, alongside major financial institutions such as Goldman Sachs, which reported a $1.5 billion investment in Bitcoin ETFs, including $1.27 billion in BlackRock's IBIT ETF. In the broader context, institutional investors now control over $27 billion in Bitcoin ETF shares, representing more than 25% of total assets under management (AUM) in this sector. Despite recent challenges, including a net outflow of $581.23 million from U.S. spot Bitcoin ETFs between February 10 and February 14, there are signs of recovery, with BlackRock's IBIT ETF seeing a net inflow of $106 million during the same period.

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