365Crypto
Abu Dhabi’s mega-wealth fund, Mubadala, just made a bold Bitcoin move. It invested $408.5 million into BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT). According to a new 13F filing, they now own over 8.7 million shares—up from 8.2 million last year.
That’s no pocket change. And it’s not happening in a vacuum either. Bitcoin ETFs in the U.S. are absolutely booming this May. On May 2 alone, total ETF inflows hit $674.9 million. May 5 brought in $425.45 million. May 9 added another $334.58 million. BlackRock’s IBIT gobbled up $232.46 million of that.
Mubadala’s timing is no coincidence. U.S. crypto leaders are chatting with UAE officials. On March 20, David Sacks—Trump’s “AI and Crypto Czar”—met with UAE leaders to talk digital currencies and artificial intelligence.
Sheikh Tahnoon Bin Zayed shared on X, “We discussed how AI and digital currencies are changing everything, and where we can invest at the intersection.”
The UAE is quickly becoming a crypto hub. Last year’s Bitcoin MENA Conference in Abu Dhabi drew major players, including Eric Trump. He warned, “People are always slow to adapt to new tech—but they eventually do. Banks and governments will follow.”
Eric called Bitcoin a global safe haven. “It’s protection against inflation, chaos, and even tornadoes,” he joked. He’s all in, saying confidently: “Bitcoin is going to hit $1 million.”
13F filing: A quarterly report U.S. investment managers file to reveal their holdings.
ETF: Exchange-Traded Fund, a type of investment fund traded on stock markets like regular shares.
