Abu Dhabi sovereign wealth fund, Citadel Advisors increase BlackRock Bitcoin ETF holdings

Key Takeaways

Mubadala Funding Firm elevated its holdings in BlackRock’s spot Bitcoin ETF to eight.7 million shares valued at $408 million.
Citadel Advisors expanded its IBIT holdings to over 3 million shares value roughly $147 million.

Share this text

New SEC filings reveal that Abu Dhabi’s Mubadala Funding Firm and Citadel Advisors have elevated their holdings in BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Belief (IBIT), an indication of sustained institutional curiosity in crypto-related property regardless of latest market volatility.

Mubadala Funding Firm, Abu Dhabi’s sovereign wealth fund, elevated its holdings in BlackRock’s spot Bitcoin ETF to eight.7 million shares valued at $408 million as of March 31, in response to a Thursday submitting.

This represents an uptick from the 8.2 million IBIT shares held on the finish of final yr. Nevertheless, the overall worth of the holdings fell from $436 million to $408 million as a result of a decline within the share worth.

Between December 31, 2024, and March 31, 2025, IBIT’s share worth dropped from round $54 to roughly $47, in response to Yahoo Finance information. The ETF’s shares closed Thursday down barely at $58.

Citadel Advisors additionally expanded its IBIT place in Q1 2025. In keeping with a Thursday submitting, the agency held over 3 million IBIT shares value roughly $147 million, up from round 1 million shares in December.

As well as, Citadel Advisors reported holding $676 million in name choices and $366 million in put choices tied to IBIT.

Mubadala and Citadel Advisors be part of different main institutional buyers, together with Goldman Sachs and Avenir Group, in increasing their IBIT publicity. Nevertheless, not all massive holders are rising their stakes.

The State of Wisconsin Funding Board exited its whole $321 million place in BlackRock’s Bitcoin ETF, in response to a latest SEC submitting. Regardless of the divestment, the board nonetheless holds crypto-related property, together with practically $19 million in Coinbase inventory.

Millennium Administration, beforehand the biggest IBIT holder, on Thursday reported proudly owning about 17.5 million shares as of March 31, valued at roughly $823 million. That is down from the 29.8 million shares value $1.5 billion disclosed in its February submitting.

Millennium’s new submitting additionally revealed choices publicity to IBIT, together with $11.5 million in name choices and $12.5 million in put choices.

Millennium stays one among IBIT’s high shareholders. In keeping with the most recent information tracked by Fintel, the agency is the second-largest institutional holder, behind Goldman Sachs. Citadel ranks third, adopted by different main stakeholders akin to Capula Administration and D.E. Shaw & Co.