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March 4, 2026
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Bitcoin Desk

Mubadala reveals $630.6M investment in BlackRock’s spot Bitcoin ETF

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Mubadala, the Abu Dhabi sovereign wealth fund, has disclosed a $630.6 million stake in BlackRock’s spot Bitcoin ETF, marking a significant step in the increasing adoption of cryptocurrency by sovereign wealth funds. This investment aligns with a broader trend where funds from the Middle East are incorporating spot Bitcoin ETFs into their portfolios for diversification, particularly as U.S. regulatory approvals have facilitated easier institutional entry into the cryptocurrency market.

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