Abu Dhabi Investment Council nearly tripled its holdings in BlackRock’s iShares Bitcoin Trust during the third quarter, growing from about 2.4 million shares to nearly 8 million by September 30. The position was valued at roughly $518 million at quarter end.

Big Buy Ahead Of A Price Peak

According to market reports , that build-up happened just before Bitcoin hit new highs in early October, when prices crossed the $125,000 mark. The timing left the fund with a much larger exposure to Bitcoin-linked ETFs right as investor sentiment became far more volatile.

A sovereign fund increasing an ETF position by this scale sends a clear message about how some big public investors now see crypto: as an asset class worth holding.

That does not mean the bet is risk-free. ETF shares can be redee

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