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 @KookCapitalLLC, Coinbase's inclusion in the S&P 500 signals a pivotal moment for cryptocurrency-related equities, highlighting mainstream acceptance and increased institutional exposure for crypto firms. This development is expected to boost liquidity and trading volumes for Coinbase (COIN) and similar crypto stocks, as index funds and ETFs are mandated to purchase shares to match the S&P 500 allocation (source: @KookCapitalLLC, May 12, 2025). Traders should monitor potential positive spillover effects on related crypto assets and companies with high correlation to Coinbase's performance.