Two of Abu Dhabi's sovereign wealth funds disclosed holding a combined $763.7 million in BlackRock's iShares Bitcoin Trust in fresh 13F filings, keeping their positions unchanged from the prior quarter even as speculation persists about how deeply Gulf state capital has moved into Bitcoin exposure.

Mubadala Investment Company reported a $490 million stake in IBIT in a filing made Friday, ranking as the second-largest single holding across its entire 13F portfolio. The Abu Dhabi Investment Council disclosed a separate $273.6 million position a day earlier, on Thursday — and for that fund, the Bitcoin ETF stake is the single largest holding in its portfolio, not just a top position.

Abu Dhabi's Sovereign Funds Hold Bitcoin ETF Stakes Steady at $763.7M
Image via Bitcoin Magazine

Steady Hands Through a Volatile Quarter

Neither fund added to or trimmed its IBIT position from the previous quarter's filing, a signal of conviction given how much Bitcoin's price swung in the interim. Both fund's holdings sit within an ETF that has become the dominant vehicle for institutional Bitcoin exposure: IBIT now manages roughly $47.3 billion in assets, according to the fund's own product page, making it the largest and most successful crypto ETF by a wide margin over rival products.

The Abu Dhabi funds' exposure isn't the only Bitcoin connection tied to the emirate. Separate on-chain analysis earlier in 2026 identified roughly 6,782 BTC — worth about $453.6 million — held in wallets linked to mining operations associated with the UAE's Royal Group, pointing to Bitcoin exposure in the region that extends well beyond ETF wrappers into direct custody and mining infrastructure — a pattern of conviction that echoes what corporate treasuries have signaled about their own Bitcoin buying plans.

Related: Edelman, Tudor Investment Disclose Fresh Bitcoin ETF Positions

Part of a Broader Institutional Wave

The disclosures land during a stretch of unusually strong demand for spot Bitcoin ETFs more broadly. In the first week of August, U.S. spot Bitcoin ETFs pulled in $853.54 million in net inflows — the largest weekly total since mid-April — with IBIT alone capturing $693 million of that total, or roughly 81 cents of every dollar that entered the category. That concentration underscores just how central BlackRock's fund has become to institutional Bitcoin access, Abu Dhabi's sovereign funds among the largest disclosed holders riding that same wave.