Hodl onto your digital wallets! Abu Dhabi’s big-shot sovereign wealth fund, Mubadala, just flexed its crypto muscles with a $408.5 million stake in the iShares Bitcoin Trust (IBIT). According to a fresh 13F filing, they’re now holding 8,726,972 shares as of March 31, 2025, up from 8,235,533 at the end of last year. That’s some serious Bitcoin love!
In a 13F filed today, Mubadala, the Abu Dhabi sovereign wealth fund, disclosed owning 8,726,972 shares of IBIT as of March 31, valued at $408.5 million.
— MacroScope (@MacroScope17) May 15, 2025
That's an increase from 8,235,533 shares previously reported as of December 31.
This is an important one.
Filing:…
This hefty move only fans the flames for U.S. spot Bitcoin ETFs, which have been gobbling up cash faster than you can say “blockchain” this May. Just look at the inflows: $674.9 million on May 2, $425.45 million on May 5, $334.58 million on May 9, and a cool $319.12 million yesterday. Among these, BlackRock’s IBIT shines bright, scooping up $232.46 million alone from institutional investors.
5/14 Bitcoin ETF Total Net Flow: $319.12 million$IBIT (BlackRock): $232.46 million$FBTC (Fidelity): $36.13 million$BITB (Bitwise): $2.82 million$ARKB (Ark Invest): $5.16 million$BTCO (Invesco): $0.00 million$EZBC (Franklin): $0.00 million$BRRR (Valkyrie): $0.00 million… https://t.co/HxSr8lZzs8 pic.twitter.com/Zg3qlyuxHR
— Trader T (@thepfund) May 15, 2025
UAE-US Crypto Chats and Eric Trump’s Bold Bitcoin Bets
Coinciding with Mubadala’s Bitcoin binge are some high-level chats between U.S. crypto policy heavyweights and the UAE. David Sacks, President Trump’s newly minted AI and Crypto Czar, rubbed elbows with Emirati officials on March 20 to talk digital currencies and AI’s bright future.
Tahnoon Bin Zayed Al Nahyan spilled the tea on X, saying they explored how AI is shaking up industries and how digital currencies could rewrite the financial rulebook. Spoiler alert: teamwork and forward-thinking strategies are the name of the game to keep growth sustainable.
I explored with @davidsacks47 , the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their… pic.twitter.com/BXz5ZTl5FV
— Tahnoon Bin Zayed Al Nahyan (@hhtbzayed) March 20, 2025
Bitcoin’s buzz is real in the UAE too, with a sharp rise in adoption over the past year. Abu Dhabi even hosted the Bitcoin MENA Conference, where Eric Trump showed up to school the crowd on why Bitcoin’s the future. His takeaway? People are slow as molasses to embrace tech changes, but banks and governments will have to catch up, or get left in the dust.
Calling Bitcoin a “global asset” and the ultimate hedge against everything from inflation to natural disasters, Eric didn’t hold back: “Bitcoin is a store of value,” he said. “It’s going to hit $1 million.” Sounds bold? Maybe. But in the crypto world, anything’s possible!
HODL Team
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