Mubadala Investment Co., the Abu Dhabi sovereign wealth fund, has increased its stake in the iShares Bitcoin Trust by 46%, now holding 12,702,323 shares valued at approximately $488 million, according to a recent SEC filing. This move reflects a broader trend of institutional adoption, as sovereign wealth funds are increasingly diversifying into spot Bitcoin ETFs to gain exposure to cryptocurrency through familiar brokerage platforms, enhancing accessibility for traditional investors.
Mubadala Investment Co increases iShares Bitcoin Trust stake by 46%
