The Abu Dhabi Investment Committee (ADIC) significantly increased its investment in Bitcoin ETFs during the third quarter, tripling its holdings to nearly 8 million shares in BlackRock's iShares Bitcoin Trust ETF. As of September 30, these holdings were valued at approximately $518 million, up from 2.4 million shares three months prior. This move is part of ADIC's long-term diversification strategy, according to a company representative. Meanwhile, Mubadala Investment Co., the sovereign wealth fund overseeing ADIC, maintained its position with 8.7 million shares of the same ETF, valued at $567 million, unchanged from the previous quarter.
Abu Dhabi Investment Committee Triples Bitcoin ETF Holdings to $518 Million
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