Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, revealed itself to be the seventh largest holder of shares in BlackRock’s Bitcoin ETF, according to a new 13-F filing. According to Abra founder and CEO Bill Barhydt, that could potentially trigger others to potentially increase allocations this quarter.
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Abu Dhabi wealth fund reveals $460m Bitcoin purchase
"Basically what they're saying is ... 'we accept Bitcoin as an asset,'" he told Coinage on Monday, speculating that other sovereign wealth funds could potentially follow suit. "I wouldn't be shocked if Norway and Singapore didn't also [buy Bitcoin.]"
