Abu Dhabi’s $764M Bitcoin Bet Holds Firm Through Market Pain

AI Summary Two of Abu Dhabi’s biggest sovereign investment vehicles sat through a roughly $118 million hit to their Blackrock spot bitcoin exchange-traded fund (ETF) positions in the second quarter and did not cut a single net share, leaving nearly $764 million riding on IBIT when June ended. Mubadala Investment Company and the Abu Dhabi Investment Council, […] fulltext: 358 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/bitcoin-etf/abu-dhabis-764m-bitcoin-bet-holds-firm-through-market-pain/ Source: Bitcoin.com News