Abu Dhabi’s renowned wealth management firm Mubadala has invested $436.9 million in BlackRock’s Bitcoin ETF. Mubadala, which manages assets worth $330 billion, is actively diversifying its portfolio.
A US Securities and Exchange Commission (SEC) filing revealed Mubadala’s confidence in Bitcoin, allocating nearly half a billion to the ETF. In the fourth quarter, the fund acquired 8.2 million shares of BlackRock’s iShares Bitcoin Trust ETF.
On February 14, 2025, Bloomberg analyst James Seyffart remarked, “Mubadala Investment Company is now the 7th largest known holder of BlackRock’s Bitcoin ETF ($IBIT).”

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, is now the 7th largest known holder of @Blackrock‘s Bitcoin ETF ($IBIT) at $461.23 million pic.twitter.com/N8PeC7NrHv
— James Seyffart (@JSeyff) February 14, 2025

Explore: BlackRock’s Spot Bitcoin ETF Saw Over $37 Billion in Net Inflows in 2024

Growing Enthusiasm For Bitcoin ETFs

Bitcoin ETFs, which were approved last year, are gaining traction as they provide a regulated and accessible means of investment in Bitcoin. Mubadala is not alone in its enthusiasm for BlackRock’s iShares Bitcoin ETF. The fund has surfaced as a dominant player in the cryptocurrency ETF sector, achieving over $37 billion in net inflows in 2024 according to data from Farside Investors.
By November, US Bitcoin ETFs reportedly surpassed $100 billion in net assets for the first time, with spot Bitcoin ETFs marking their dominance in the ETF landscape in 2024.
Mubadala has been joining peers in investing in various sectors including AI, data centers, and space exploration. In a recent white paper, it highlighted how AI is reshaping decision-making in investing. During the Abu Dhabi Finance Week (ADFW), tech leaders reiterated Abu Dhabi’s commitment to becoming a key hub for financial innovation and technology.

“Fintech Abu Dhabi exemplifies our dedication to innovation, uniting global visionaries to shape the future of finance and technology,” stated Salem Mohammed Al Darei, CEO of ADGM Authority.

Explore: Direct From Abu Dhabi Finance Week: Is MENA The Next World Crypto Hub?

Key Takeaways

• Mubadala joins other Abu Dhabi-based entities such as Abu Dhabi Developmental Holding Company (ADQ) in making notable advances in the digital asset sector.
• The influx of institutional capital into Bitcoin ETFs like BlackRock’s iShares product is a promising sign for the cryptocurrency market.