PANews reported on November 19th, citing Bloomberg, that the Abu Dhabi Investment Committee (ADIC) more than tripled its holdings of Bitcoin ETFs in the third quarter. According to regulatory filings, the independently operated entity of the sovereign wealth fund Mubadala Investment Co. increased its holdings in BlackRock's iShares Bitcoin Trust ETF to nearly 8 million shares as of September 30th, at a time valued at approximately $518 million. Three months earlier, its holdings were only 2.4 million shares. An ADIC representative stated that the company is gradually allocating a small amount of Bitcoin as part of its long-term diversification strategy.

In addition, Mubadala disclosed that as of the end of the third quarter, the company held 8.7 million shares of the same Bitcoin ETF (ticker symbol IBIT), worth $567 million, a holding unchanged from three months ago.