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Marjan
@marjan73
The Abu Dhabi Sovereign Wealth Fund has invested a significant amount in BlackRock’s Bitcoin Cash ETF, according to a recent report from the U.S. Securities and Exchange Commission. Mubadala Investments, one of Abu Dhabi’s sovereign wealth funds, has purchased $436.9 million in shares of BlackRock’s Bitcoin ETF (IBIT). The purchase comes after BlackRock received a license to operate in Abu Dhabi last November. The Wisconsin State Investment Board also announced that it has invested about $321 million in Bitcoin Cash ETFs, a 100% increase since its previous report in May 2024.
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