Wisconsin, Abu Dhabi disclose hundreds of millions in Bitcoin ETFs

The Wisconsin has more than doubled its exposure to Bitcoin in three months, while the sovereign fund of Abu Dhabi publicly disclosed its purchase of Bitcoin.

The Wisconsin State Investment Office acquired an additional 3.1 million of BlackRock ISHARES BITCOIN (BTC) Confidence in the fourth quarter of 2024, according to a 13F file with the Securities and Exchange Commission

Last year, Wisconsin became the first sovereign fund to expose itself to Bitcoin ETF. Initially, the board of directors bought nearly 95,000 IBIT shares and also invested in the Bitcoin FNB in ​​gray levels. In August, the Wisconsin had increase its assets at around 2.9 million shares. Since the last deposit, its total Bitcoin ETF assets have been estimated at around $ 588 million, the BTC negotiating below $ 99,000.

Bitcoin ETF patronage in Abu Dhabi

Through the borders, in the Middle East, another institutional investor supported by the government also allocated funds to identify the BTC ETFs.

Dry edgar records watch That the sovereign heritage fund of Abu Dhabi, known as Mubadala Investment Company, acquired Blackrock Ibit shares of an estimated value of $ 436.9 million on December 31. Mubadala oversees major investments for Abu Dhabi, the capital of the United Arab Emières.

The file suggests that Mubadala bought Bitcoin actions from Abu Dhabi around November, coinciding with BlackRock by obtaining a license of local regulators to offer cryptography services.

Expenditure of nearly half a billion dollars on the Bitcoin exposure mark an important decision for the government of Abu Dhabi. However, the capital of the water previously invested in Mining BTC, after having attracted large companies as a digital marathon to support its local mining industry in 2023.