According to @cas_abbe, Abu Dhabi sovereign wealth funds Mubadala and Al Warda hold a combined $681M exposure to Bitcoin via the iShares Bitcoin Trust (IBIT), source: @cas_abbe. Mubadala holds 8.72M IBIT shares valued at $534M, and Al Warda (managed by Mubadala) holds 2.41M shares valued at $147.5M, source: @cas_abbe. These BTC ETF positions have remained unchanged since May, indicating these accounts maintained their exposure through recent market conditions, source: @cas_abbe.

According to Crypto Rover, exchange-traded funds (ETFs) have become the largest holders of Bitcoin, surpassing other institutional and retail investors. This surge in ETF holdings signals a strong wave of institutional adoption, which is typically interpreted as a bullish indicator for Bitcoin's price trajectory. For traders, the growing concentration of Bitcoin in ETFs suggests continued upward momentum and increased liquidity, making the market more attractive for both long-term investors and active traders (source: Crypto Rover on Twitter, April 30, 2025).