Bitcoin erased $118 million from Abu Dhabi’s ETF holdings, but its sovereign funds kept every share

Two Abu Dhabi sovereign investors kept their BlackRock Bitcoin ETF holdings unchanged through the second quarter, retaining $764 million of exposure even as the cryptocurrency remained mired in one of its steepest annual declines. Mubadala Investment Company and the Abu Dhabi Investment Council held a combined 22.94 million shares of BlackRock’s iShares Bitcoin Trust ETF [ ]