Abu Dhabi Funds Boosted BlackRock Bitcoin ETF Exposure to $1 Billion by End of 2025: Filings

Core Insights - Abu Dhabi-based investment funds, specifically Mubadala Investments and Al Warda Investments, increased their Bitcoin exposure to over $1 billion by the end of last year, primarily through holdings in the BlackRock spot Bitcoin ETF (IBIT) [1][2] Group 1: Investment Holdings - Mubadala owned approximately $630 million in IBIT, holding around 12.7 million shares, which is an increase of nearly 4 million shares from the previous quarter [2][3] - Al Warda's holdings rose from 7.96 million shares to over 8.2 million shares, gaining about 255,000 shares during the fourth quarter, valued at around $408 million [2][3] Group 2: Market Performance - Despite the significant investments, IBIT shares have decreased by 22.5% year-to-date, leading to a combined exposure of approximately $803 million based on the recent price of $38.44 [3] - Bitcoin ETFs overall have faced challenges, losing more than $21 billion in assets under management, dropping from over $116.7 billion to around $95.5 billion [4] Group 3: Institutional Actions - Harvard University reduced its stake in IBIT by 1.46 million shares, valued at around $56 million, while simultaneously investing $86 million in BlackRock's Ethereum ETF (ETHA) [5]