Abu Dhabi Fund Boosts Bitcoin ETF Stake Amid Market Swings
Abu Dhabi Investment Council tripled its Bitcoin ETF holdings to $518M, signaling institutional crypto adoption. However, market volatility and record outflows highlight inherent risks.
Abu Dhabi Investment Council tripled its Bitcoin ETF holdings to $518M, signaling institutional crypto adoption. However, market volatility and record outflows highlight inherent risks.
Bitcoin ETFs witnessed record $1.2B inflows, driven by BlackRock’s IBIT nearing $100B AUM and generating $244M revenue. Institutional adoption surges, integrating BTC into portfolios.
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