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Wealth

Abu Dhabi Sovereign Wealth Fund Tripled BTC Bet Before Market Drawdown

Abu Dhabi Sovereign Wealth Fund Tripled BTC Bet Before Market Drawdown

4 weeks ago by Crypto InsightsCrypto

Al Warda Investments, an investment vehicle overseen by the Abu Dhabi Investment Council (ADIC), more than tripled its holdings of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in the third quarter as bitcoin BTC$91,630.84 headed toward October’s record high. The 230% increase took its investment to… Read More

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