PANews reported on May 16 that according to Bitcoin Magazine, the latest 13F filing of Abu Dhabi sovereign wealth fund Mubadala showed that its position in BlackRock Spot Bitcoin ETF (IBIT) increased to 8.727 million shares, with a market value of US$408.5 million, a 6% increase from the end of 2024. This investment coincides with high-level interaction between the US and the UAE on encryption policy. David Sacks, President Trump's special AI and encryption consultant, discussed the integration opportunities of digital currency and artificial intelligence with UAE officials on March 20.