Mubadala Increases Holdings in BlackRock Bitcoin ETF Amid U.S.-UAE Crypto Policy Discussions

According to PANews, Abu Dhabi's sovereign wealth fund, Mubadala, has increased its holdings in BlackRock's spot Bitcoin ETF (IBIT) to 8.727 million shares, valued at $408.5 million. This marks a 6% growth in its position since the end of 2024. The investment coincides with high-level interactions between the United States and the United Arab Emirates regarding cryptocurrency policies. U.S. President Donald Trump's AI and crypto advisor, David Sacks, engaged in discussions with UAE officials on March 20, exploring opportunities for integrating digital currencies and artificial intelligence.