According to Bloomberg, the Abu Dhabi Investment Council (ADIC) significantly increased its holdings in Bitcoin ETFs in Q3—tripling its shares of BlackRock's IBIT to nearly 8 million. Based on end-of-quarter prices, this is valued at approximately $518 million. ADIC stated that it is building a 'small but long-term allocation' and views Bitcoin as a store of value similar to gold, intending to hold it in its long-term portfolio. Meanwhile, Abu Dhabi's sovereign wealth fund Mubadala maintained its position of 8.7 million IBIT shares unchanged. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52148