Abu Dhabi funds ‘buy the dip’ with $1B in BlackRock’s Bitcoin ETF

The United Arab Emirates (UAE) seems bullish on Bitcoin, regardless of the numerous drawdown since October.

On the finish of 2025, two Abu Dhabi-based wealth funds held over $1 billion in BlackRock’s Bitcoin ETF, based on quarterly 13F filings with the U.S. Securities and Change Fee (SEC). 

Mubadala Funding Firm, for instance, reported proudly owning 12,702,323 shares of BlackRock’s Bitcoin ETF (IBIT), price over $630 million. This was a 46% improve from the earlier quarter (Q3), when holdings stood at 8.7 million shares.  

Commenting on the replace, Juan Leon, Bitwise senior funding strategist, said, 

“Mubadala sovereign wealth fund doubled down on BTC through the This fall drawdown.”

One other UAE entity, Al Warda Investments, an funding division of the federal government, held 8,218,712 shares of IBIT, price over $408 million. This introduced the general BTC publicity on the finish of final yr to over $1 billion.

Over the identical interval, BTC’s worth dropped by 30% from $126K to $87K, underscoring the UAE’s conviction within the crypto asset. For his half, Peter Rizzo, a famend Bitcoin historian, said ‘nations are shopping for the dip.’

Lengthy publicity in BlackRock’s Bitcoin ETF drops 10%

On a quarter-on-quarter (QoQ) foundation, institutional ownership of IBIT decreased by solely 0.41%, indicating it companies barely modified and stayed put. Nevertheless, institutional shares (lengthy positions) and the typical portfolio allocation each dropped by 10% and 28%, respectively.  

Supply: Fintel

Institutional shares (longs) noticed a web discount of 41.36 million shares between Q3 and This fall. 

Equally, the typical allocation dropped by 28%, suggesting that companies trimmed their publicity to IBIT, doubtless on account of rebalancing after BTC’s explosive run, profit-taking, or threat discount, amongst different elements. 

So whereas Mubadala and Al Warda Investments doubled down on BlackRock’s BTC ETF, some stayed however scaled down. 

Nevertheless, it’s price noting that the 13F filings don’t seize the complete image of the methods institutional companies deploy. It solely permits the general public companies with over $100 million in holdings to report their lengthy publicity.

However their quick publicity by way of CME Futures and different platforms, which isn’t captured within the filings, could supply a unique perspective. 

In the meantime, BlackRock’s Bitcoin ETF belongings underneath administration (AUM) have dropped from a report $95 billion to $57 billion because the crypto rout deepens. General, the usspot BTC ETFs AUM has dropped from $162 billion to $100 billion. 

Supply: The Block

Closing Abstract

• Mubadala and AI Warda Funding collectively reported holding over $1 billion price of BlackRock’s Bitcoin ETF shares.
• Though BlackRock’s Bitcoin ETF shareholders noticed little change, they trimmed publicity by practically 10%.