In what is yet another sign of the growing prominence and embrace of the cryptocurrency asset class, Abu Dhabi’s sovereign wealth fund has reported $436 million in Bitcoin ETF holdings, according to a US Securities and Exchange Commission (SEC) filing. Indeed, the move comes as wealth funds around the world are betting big on the emerging market.
Recent filings with the government agency reveal a growing trend of BTC ETF exposure. Friday, the State Wisconsin Investment Board reported $321 million in BlackRock iShares Bitcoin Trust (IBIT) ETF holdings. Moreover, the list of such instances is only expected to grow throughout 2025.
JUST IN: 🇦🇪 Abu Dhabi's sovereign wealth fund discloses $436 million Bitcoin ETF holdings.
— Watcher.Guru (@WatcherGuru) February 14, 2025
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Abu Dhabi Sovereign Wealth Fund Bets on Bitcoin, Reports BTC ETF Holdings
Entering 2025, there were high hopes for the cryptocurrency market. With the United States electing its first pro-crypto president, Donald Trump, a massive overhaul to the country’s crypto policy was expected to take place. Now, less than two months into the year, and that has already happened.
Yet, there are many who would say the US is somewhat late to the party. Indeed, a host of nations have already sought to embrace the asset class in a major way. Among them is Abu Dhabi, whose sovereign wealth fund disclosed $436 million in Bitcoin ETF holdings. Specifically, the fund had invested in BlackRock’s BTC investment offering, according to an SEC filing.
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There has been a growing trend of covering wealth funds embracing cryptocurrency investment in recent years. Specifically, Norway, Singapore, Saudi Arabia, Canada, and now the United Arab Emirates (UAE) have all embraced the asset class. Indeed, the presence of thriving Bitcoin ETFs have only made that more accessible.
There is a growing belief that the United States could soon be among them. US President Donald Trump announced his intention to create the country’s first federal sovereign wealth fund. Additionally, there has been rampant speculation that Bitcoin could be a clear investment option for that fund. It makes sense, considering Trump’s affinity for the asset and its growing value on a global scale.