Abu Dhabi Invests $436M in Bitcoin: Mubadala Targets ETFs
Abu Dhabi's sovereign wealth fund Mubadala invested $436 million in spot ETFs on Bitcoin, becoming the 7th largest holder of BlackRock's IBITs.
Bitcoin is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing secure and transparent transactions without the need for intermediaries such as banks. Created in 2008 by an anonymous person or group known as Satoshi Nakamoto.
26 PostsAbu Dhabi's sovereign wealth fund Mubadala invested $436 million in spot ETFs on Bitcoin, becoming the 7th largest holder of BlackRock's IBITs.
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