Abu Dhabi Investment Committee Significantly Increases Bitcoin ETF Holdings in Third Quarter

According to Odaily, the Abu Dhabi Investment Committee (ADIC) has significantly increased its holdings in Bitcoin ETFs during the third quarter. The committee has raised its shares in BlackRock's IBIT to nearly 8 million, tripling its holdings from the previous quarter. At the end-of-quarter prices, these shares are valued at approximately $518 million. ADIC has expressed its intention to establish a 'small but long-term allocation,' viewing Bitcoin as a store of value similar to gold, and plans to maintain its holdings in its long-term portfolio. Meanwhile, Abu Dhabi's sovereign fund, Mubadala, has kept its position unchanged with 8.7 million shares in IBIT.