Abu Dhabi Sovereign Wealth Fund reports that owns 455,672,040 dollars from Bitco ETF from Blackrock in new SEC files
The new deposits show that the sovereign wealth fund in Abu Dhabi has collected hundreds of millions of dollars from BTC in Blackrock (ETF).
According to a new filings With the US Securities and Stock Exchange Committee (SEC), the Wealth Fund has stored about $ 455 million of the ISHARES Bitco TRUST ETF (IBIT).
The wealth fund was established by the United Arab Emirates (Emirates) in 1976 to enhance economic stability and prosperity of the nation. In December, Reuters I mentioned The fund has become the largest wealth funds in the world, and it passes the Kingdom of Saudi Arabia.
Since its launch in January 2024, it became Ibit Elderly ETF by maximum market based on the main digital assets. In November, it was found that Ibit has passed its golden counterpart in terms of net assets despite the launch of the golden etf from Blackrock nearly two decades ago.
According to the latest Bloomberg report, Blackrock content Its commercial license to work in Abu Dhabi in the past year only and said that he did this to work more closely with sovereign wealth funds, wealth managers and investment vehicles in the region.
Charles Hathami, President of the Middle East of Black Rock, said to Bloomberg,
Abu Dhabi quickly turned into a global financial center. Its strategic location, proactive government policies and commitment to sustainable growth makes it an ideal location for capital markets. “
IBIT is trading for $ 55.41 at the time of writing this report, an increase of 1.2 % over the past 24 hours.
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