15.02.2025 01:15

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**Headline: Abu Dhabi's Sovereign Wealth Fund Signals Confidence in Bitcoin with iShares ETF Investment**

Abu Dhabi, the capital of the United Arab Emirates, has made a noteworthy stride into the cryptocurrency realm. As revealed in its recent 13F filing, the city's Sovereign Wealth Fund has acquired shares in the iShares Bitcoin ETF, signaling a growing acceptance of digital assets within the region's financial landscape.

This strategic investment arrives on the heels of BlackRock securing a commercial license to conduct business in Abu Dhabi, obtained in November of last year. This confluence of events suggests a deliberate move toward integrating digital assets into the Emirate's investment portfolio.

Furthermore, the Mubadala Investment Company, responsible for managing the Abu Dhabi government's diverse investment holdings, has been progressively deepening its involvement in the digital asset sector. This latest commitment to Bitcoin ETFs signifies one of the most substantial crypto-related allocations undertaken by the Sovereign Wealth Fund to date.

It's worth noting that Abu Dhabi's interest in cryptocurrencies is not entirely new. Back in 2023, the city government ventured into Bitcoin mining by investing in relevant start-up companies. Subsequently, prominent players like Marathon Digital and Zero Two unveiled ambitions to establish a sizable Bitcoin mining facility within Abu Dhabi, further cementing the region's commitment to the evolving digital asset landscape.

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