Abu Dhabi-linked sovereign investors held more than $1 billion in U.S. spot Bitcoin ETF exposure at the end of 2025, a milestone that comes as the broader market faces renewed outflows this week.
Summary
- Abu Dhabi-linked sovereign investors held over $1.04 billion in U.S. spot Bitcoin ETFs at the end of 2025, according to SEC filings.
- Mubadala Investment Company and Al Warda Investments disclosed a combined 20.9 million shares in BlackRock’s Bitcoin ETF.
- The milestone comes as Bitcoin ETFs recorded $104.87 million in daily net outflows, signaling short-term selling pressure despite long-term institutional positioning.
The disclosure adds to a broader wave of institutional adoption, after Italian banking giant Intesa Sanpaolo revealed nearly $100 million in Bitcoin ETF holdings in a recent U.S. regulatory filing.
Abu Dhabi’s billion-dollar Bitcoin ETF play
According to fourth-quarter Form 13F filings submitted to the U.S. Securities and Exchange Commission, Mubadala Investment Company reported holding 12,702,323 shares of BlackRock’s spot Bitcoin ETF, valued at approximately $630.7 million as of Dec. 31, 2025.
A separate filing shows Al Warda Investments owned 8,218,712 shares in the same fund, worth roughly $408.1 million at year-end.
Combined, the two Abu Dhabi entities held about 20.9 million shares valued at just over $1.04 billion, underscoring continued sovereign exposure to regulated Bitcoin products offered by BlackRock.
Bitcoin ETF outflows resume
The milestone comes as Bitcoin ETFs recorded renewed selling pressure. Data from SoSoValue shows total daily net outflows of $104.87 million in the latest session. Total net assets across U.S. spot Bitcoin ETFs stood at $85.52 billion, while Bitcoin traded around $67,753 at the time of the writing.
Recent flow data shows volatility across late January and February, with several large redemptions interspersed with brief inflow spikes. Despite the short-term outflows, Abu Dhabi’s year-end filings suggest a longer-term allocation strategy rather than tactical trading.
The 13F disclosures reflect positions as of Dec. 31 and do not capture activity in early 2026. However, the scale of the holdings highlights how major state-backed investors remain positioned in U.S.-listed Bitcoin ETFs even as market sentiment fluctuates.
