Abu Dhabi Investment Council triples stake in Bitcoin ETF in Q3: Report
NegativeCryptocurrency

- The Abu Dhabi Investment Council has significantly increased its investment in BlackRock's Bitcoin ETF, tripling its stake to nearly 8 million shares during the third quarter. This decision reflects a strategic commitment to Bitcoin despite recent market volatility.
- This substantial investment indicates the council's long-term confidence in Bitcoin as a digital asset, even as the cryptocurrency market faces challenges, including a notable decline in ETF share prices.
- The broader cryptocurrency landscape is currently marked by significant outflows from Bitcoin ETFs, with BlackRock's products experiencing record withdrawals, highlighting a cautious sentiment among investors and raising questions about the future of institutional investments in digital assets.
— via World Pulse Now AI Editorial System







