⚫The Mubadala Fund from Abu Dhabi has invested $436.9 million in BlackRock’s spot Bitcoin ETF (IBIT), joining the wave of institutional adoption in the crypto industry. Barclays also disclosed a $131.2 million investment in IBIT, placing it among the top 10 holders.
⚫Goldman Sachs has increased its stake in IBIT to $1.27 billion and made an additional $294 million investment in Fidelity’s FBTC. Other notable investors include Tudor Investment Corporation and DRW Securities. Institutional interest in Bitcoin continues to grow.