Bitcoin Drop Cost Abu Dhabi $118 Million: Will They Hold Their Ground?
Two major Abu Dhabi sovereign wealth funds, the Mubadala Investment Company and the Abu Dhabi Investment Council, absorbed a combined $118 million paper loss on their BlackRock Bitcoin ETF positions last quarter. Despite the sharp market downturn reflected in recent SEC filings, neither fund sold a single share, signaling a long-term investment horizon amid crypto … Read more