- 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.
Czech National Bank governor says Bitcoin should not be treated like crypto
The Czech Central Bank Considers Significant Bitcoin Reserve. The Czech National Bank is evaluating the potential inclusion of a $7.3 billion…
