Abu Dhabi Funds Hit $1B in BlackRock Bitcoin ETF by End of 2025

Crypto News

Two Abu Dhabi-based investment funds collectively held more than $1 billion in BlackRock’s spot Bitcoin ETF, IBIT, at the close of 2025, according to 13F filings submitted to the U.S. Securities and Exchange Commission on Tuesday. The funds are Mubadala Investment Company, a sovereign wealth fund backed by Abu Dhabi’s government, and Al Warda Investments, an investment arm connected to the Abu Dhabi Investment Council, itself a Mubadala subsidiary.

Mubadala reported owning 12,702,323 IBIT shares valued at approximately $631 million at year-end, up from just over 8.7 million shares as of the third quarter. That increase represents a roughly 46% jump in share count during Q4 alone. Mubadala first added IBIT to its balance sheet in Q4 2024, when its exposure was at least $436 million.

Al Warda reported holding 8,218,712 shares worth approximately $408 million at year-end, up from 7.96 million shares in the prior quarter. The gain of around 255,000 shares was smaller in scale than Mubadala’s addition but still extended the fund’s exposure heading into 2026.

Together, the two entities controlled nearly 21 million IBIT shares when 2025 closed. Since then, Bitcoinhas declined sharply, and IBIT shares have fallen 22.5% year-to-date, putting the combined current value of their holdings at approximately $803 million based on a recent IBIT price of $38.44 per share.
BlackRock’s IBIT remains the largest spot Bitcoin ETF by assets under management, though the fund’s total AUM has contracted alongside Bitcoin’s price decline. The broader Bitcoin ETF market has shed more than $21 billion in assets under management since January began, falling from over $116.7 billion to around $95.5 billion, per CoinGlassdata.

13F filings are required quarterly from institutional investment managers holding at least $100 million in U.S. assets. The filings disclose long positions in U.S. equities and equity options only, meaning they capture a partial view of any given manager’s total portfolio.

Not all institutions have added to Bitcoin ETF exposure. Harvard University reduced its IBIT stake by 1.46 million shares, or approximately $56 million worth, during the same period. Harvard simultaneously opened an $86 million position in BlackRock’s Ethereum ETF, ETHA, reflecting a portfolio rotation rather than an exit from crypto ETF exposure altogether.

Bitcoinwas trading near $67,718 at the time of reporting, down roughly 1% in the prior 24 hours and approximately 46% below its October all-time high of $126,080.
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Source: coinmarketcap.com