Abu Dhabi Investment Funds Hold Over $1 Billion in BlackRock’s Bitcoin ETF
The Block reports Mubadala and Al Warda jointly holding over 20 million IBIT shares, reflecting deepening Middle Eastern sovereign wealth participation in U.S. Bitcoin ETFs.
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Fact Check
Multiple independent and credible financial news outlets, including CoinDesk, Bloomberg, The Block, and Decrypt, report that Abu Dhabi sovereign wealth funds — notably Mubadala Investment Company and Al Warda Investments — collectively held more than $1 billion in BlackRock's iShares Bitcoin ETF (IBIT) by the end of the referenced period. These reports provide detailed share counts and valuations that directly substantiate the claim. The coverage is consistent across sources, with some citing percentage increases in holdings and others confirming total valuations. The sources are authoritative in financial reporting and are mutually reinforcing, with no contradictory evidence found. While a few less relevant or tangential sources exist, they do not undermine the core claim. Overall, the consistency, specificity, and reputability of the reports make it highly probable that the statement is true.
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Summary
Two Abu Dhabi-based investment funds, Mubadala Investment Company and Al Warda Investment Company, held more than 20 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth over $1 billion at the end of 2025, according to The Block. SEC filings show Mubadala owning 12.7 million shares valued at about $631 million and Al Warda holding 8.2 million shares worth $408 million. Together, their stakes highlight growing Middle Eastern sovereign wealth involvement in regulated U.S. Bitcoin ETFs.
Terms & Concepts
- Bitcoin ETF: An exchange-traded fund that tracks Bitcoin’s price, allowing investors exposure without directly holding the cryptocurrency.
- Sovereign Wealth Fund: A state-owned investment fund, typically derived from reserves or commodity revenues, used to invest globally.
- iShares Bitcoin Trust (IBIT): BlackRock’s spot Bitcoin exchange-traded fund offering direct exposure to Bitcoin’s market price through a regulated U.S. investment vehicle.