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Mubadala and Al Warda Investments disclosed over $1 billion combined exposure to IBIT.
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Mubadala increased its stake by 46% quarter-over-quarter.
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BlackRock’s IBIT remains the largest spot Bitcoin ETF with $58 billion AUM.
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Sovereign wealth funds continue accumulating bitcoin exposure via ETFs.
Sovereign Wealth Buys the Dip
Mubadala Investment Company and Al Warda Investments disclosed holdings of more than 20 million shares combined in BlackRock’s spot Bitcoin ETF, IBIT.
At the end of the quarter, the positions were worth over $1 billion.
Mubadala alone reported holding roughly $631 million in IBIT and increased its position by 46% compared to the previous quarter.
Institutional Bitcoin Exposure Grows
IBIT remains the largest spot Bitcoin ETF, with approximately $58 billion in assets under management.
While bitcoin prices have declined in recent months, sovereign funds appear to be maintaining or increasing exposure through regulated ETF vehicles rather than direct custody.
13F filings only show long equity positions, meaning the full crypto exposure strategy of these funds may be broader than reported.
