Two Abu Dhabi funds held over $1B in BlackRock's IBIT at year-end

Two Abu Dhabi-based funds held over $1 billion in BlackRock's spot Bitcoin ETF (IBIT) as of the end of last year. According to The Block, Abu Dhabi's sovereign wealth fund, Mubadala, and Al Warada Investments, a subsidiary of the Abu Dhabi Investment Council (ADIC), reported holding 12.7 million shares ($631 million) and 8.22 million shares ($408 million) of IBIT, respectively.