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The Abu Dhabi Wealth Fund holds over $680 million in IBIT, as the sovereign fund increases its investment in Bitcoin ETF.
According to documents disclosed by the U.S. SEC, Abu Dhabi sovereign wealth fund Mubadala held 8,726,972 shares of IBIT as of June 30, with a market capitalization of approximately $534 million. This holdings has remained unchanged since the last document disclosure in May. Additionally, in a new document, Al Warda Investments disclosed that it held 2,411,034 shares of IBIT as of June 30, with a market capitalization of approximately $147.5 million. The manager of this holdings was noted in the document as the Abu Dhabi Investment Council, which is a sovereign wealth fund under Mubadala.