Al Warda Investments, an investment arm under the Abu Dhabi Investment Council (ADIC), sharply increased its exposure to Bitcoin in the third quarter, more than tripling its position in BlackRock’s iShares Bitcoin Trust (IBIT).
Key Takeaways:
Al Warda Investments boosted its IBIT holdings by 230%, lifting its Bitcoin ETF exposure to $517.6 million.
The move marks a strategic shift for ADIC, which rarely takes public positions in digital ***** ets.
Despite recent volatility and ETF outflows, ADIC says it now views Bitcoin as a long-term store of value alongside gold.
https://finance.yaho
Key Takeaways:
Al Warda Investments boosted its IBIT holdings by 230%, lifting its Bitcoin ETF exposure to $517.6 million.
The move marks a strategic shift for ADIC, which rarely takes public positions in digital ***** ets.
Despite recent volatility and ETF outflows, ADIC says it now views Bitcoin as a long-term store of value alongside gold.
https://finance.yaho
1 month ago
