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The Abu Dhabi Investment Council ADIC's BlackRock IBIT holdings value exceeded $500 million in the third quarter.
Odaily News The Abu Dhabi Investment Authority (ADIC) significantly increased its Bitcoin ETF holdings in the third quarter—raising its holdings of BlackRock's IBIT to nearly 8 million shares, tripling from the previous quarter, valued at approximately $518 million based on the quarter-end price. ADIC stated that it is establishing a “small but long-term allocation” and views Bitcoin as a store of value similar to gold, intending to hold it in the long-term portfolio. Meanwhile, the Abu Dhabi sovereign fund Mubadala maintains its holdings of 8.7 million shares of IBIT unchanged. (Bloomberg)