Abu Dhabi's sovereign wealth fund, Mubadala, has increased its holdings in Bitcoin ETFs to $566 million in the first quarter of 2026, according to recent filings. The fund added approximately 2 million shares, bringing its total to about 14.7 million shares, marking a 16% increase from the previous quarter. This move underscores Mubadala's ongoing strategy to expand its exposure to Bitcoin products. Mubadala's investment in Bitcoin ETFs, primarily through BlackRock's spot Bitcoin ETF, IBIT, highlights the growing interest of Middle Eastern sovereign funds in compliant cryptocurrency products. As of the end of 2025, Mubadala's holdings in IBIT were valued at $630.6 million, reflecting a consistent accumulation trend since its initial disclosure in late 2024. Additionally, Al Warda Investments, linked to the Abu Dhabi Investment Authority, reported owning 8.2 million shares of IBIT, valued at $408 million, further indicating the region's increasing participation in the crypto market.