- Mubadala, Abu Dhabi’s sovereign wealth fund, has disclosed a significant investment of $436 million in Bitcoin ETFs, specifically iShares Bitcoin Trust ETF, during the first quarter of 2024, marking one of the first major crypto asset investments by a sovereign wealth fund.
- This move aligns with the growing trend of institutional investors entering the cryptocurrency market, particularly in the Middle East where there’s an increasing interest in blockchain and digital assets.
- The approval of Bitcoin spot ETFs by the SEC in early 2024 in the USA is a backdrop to this investment, showcasing a shift from futures-based to spot-based Bitcoin ETFs, facilitating direct cryptocurrency investment for traditional finance players.
China Merchants Bank Unit Opens 24/7 Crypto Exchange in Hong Kong
China Merchants Bank’s securities subsidiary launched a 24-hour crypto exchange in Hong Kong on August 19, 2025, giving clients uninterrupted,…
