UAE sovereign wealth funds Mubadala and Abu Dhabi Investment Council (ADIC) have acquired over 16 million shares in Bitcoin ETFs, with a significant portion in BlackRock’s iShares Bitcoin Trust (IBIT). ADIC holds nearly 8 million shares, while Mubadala has approximately 8.7 million shares. This strategic investment highlights the UAE's growing interest in digital assets as part of its economic diversification strategy. An ADIC spokesperson emphasized Bitcoin's role as a store of value akin to gold, suggesting its increasing importance in their investment portfolio. The acquisition is expected to enhance liquidity in BTC-focused funds and strengthen the UAE's position in global cryptocurrency investments.