Mubadala Doubles Down on Bitcoin ETFs—Because Why Not Gamble With Sovereign Wealth?

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2025-05-16 08:26:40

UAE sovereign fund Mubadala increases its Bitcoin ETF holdings

Abu Dhabi’s $280 billion sovereign fund just upped its bet on Bitcoin ETFs—proving even oil-rich giants can’t resist crypto’s siren song.

Behind the move: A calculated play for institutional exposure without the regulatory headaches of direct custody. Or maybe they just enjoy watching traditional finance guys sweat.

The punchline? While Wall Street still debates Bitcoin’s legitimacy, the smart money’s already placing chips on the table. Just don’t ask them to explain the tech behind it.

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