Two Abu Dhabi-based government-linked funds revealed significant holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) at the end of 2025, according to 13F filings submitted to the SEC and reported on February 17, 2026.
Combined, the two funds controlled more than 20 million shares worth over $1 billion at year-end prices.
BlackRock’s IBIT continues to lead the spot Bitcoin ETF market with ~$58 billion in assets under management as of early 2026. The fund has seen strong institutional inflows since launch, though recent Bitcoin price declines (currently trading around $113,000) have reduced its value from earlier peaks.
The 13F filings only disclose long equity positions and are required quarterly for managers with at least $100 million in U.S. equity assets. They provide a partial snapshot and do not reflect short positions, derivatives, or non-U.S. holdings.
The large Abu Dhabi positions reflect continued sovereign wealth fund interest in Bitcoin exposure through regulated vehicles. Mubadala, one of the largest sovereign funds globally, has steadily built its IBIT stake throughout 2025, signalling long-term conviction despite market volatility.
This comes amid:
While Bitcoin has corrected from its 2025 highs, sovereign and institutional accumulation through ETFs remains a key supportive narrative.
