During a Bloomberg live television program, the host and analysts revealed that the Abu Dhabi Investment Committee had allocated approximately $520 million worth of Bitcoin assets. The program, reviewing its accumulation process, noted that the organization continuously increased its holdings in the weeks and months leading up to the sell-off, at one point expanding its overall position to more than three times its original size.
Analysts believe this move is not a short-term trading activity, but rather part of its overall investment portfolio. The program further noted that Abu Dhabi has been continuously diversifying its assets in recent years, viewing Bitcoin as a long-term investment tool akin to "digital gold."
From a broader perspective, the entry of the Abu Dhabi Investment Commission is also seen as an important signal of Middle Eastern sovereign capital participating in crypto assets.
Bloomberg points out that against the backdrop of temporary fluctuations in Bitcoin ETFs and weakening market sentiment, allocation behavior from long-term funds has provided additional credibility and structural support to the market.
