I just noticed that Mubadala of Abu Dhabi has been making significant moves with ibit stock - this sovereign investment fund increased its stake in the iShares Bitcoin Trust to $630 million by the end of last year. This figure rose 46% compared to the previous quarter, which is quite impressive considering Bitcoin was fluctuating from 100k down to nearly 68k at that time.



What's interesting is that not only Mubadala, but Al Warda Investments ( linked to Abu Dhabi) is also accumulating ibit stock quite actively. Together, these two entities hold over $1 billion in exposure to BlackRock's Bitcoin ETF funds. The Form 13F report shows they own about 20.9 million shares.

It seems that large funds are viewing ibit stock as a primary channel for Bitcoin exposure. Goldman Sachs also reported over $1.1 billion in IBIT. Additionally, Bank of America and Morgan Stanley have recently updated policies to allow advisors to recommend Bitcoin ETF funds. The current market environment, with Bitcoin trading around 77.9k, indicates that institutional interest is still increasing. It looks like this trend will continue.
BTC-2.08%
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