Why Abu Dhabi’s Bitcoin Bet Has Everyone Talking

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The Abu Dhabi Investment Council (ADIC) has decided to go rogue in the world of Bitcoin ETFs, while the U.S. is collectively losing its mind. 🤑 BlackRock’s IBIT saw a single-day outflow of $523.2 million, which is enough money to buy a small island or, more realistically, a lot of avocado toast. U.S. spot Bitcoin ETFs have been bleeding red for five straight days, but ADIC? Oh, they’ve been quietly stacking their chips like a poker player who knows they’ve got a royal flush. 🇦🇪

Bitcoin ETFs: America Panics, Abu Dhabi Shrugs

ETF investors here in the States are hovering around their cost basis of $90,146, which is just a fancy way of saying they’re neither winning nor losing-they’re just… existing. Even with $372.8 million fleeing the scene in a single day, total assets haven’t plummeted off a cliff. This suggests the sellers aren’t coming from the ETF markets but from somewhere else entirely. Maybe they’re just tired of Elon Musk’s tweets. 🤷‍♂️ Meanwhile, IBIT is trading near $52, which is roughly the price of a decent sushi dinner in New York City.

According to Bloomberg, ADIC upped its IBIT holdings from 2.4 million shares to nearly 8 million by September 30. That’s around $520 million worth of Bitcoin ETFs, which-let’s be honest-is enough to make anyone feel like Scrooge McDuck. 🦆 ADIC, part of the Mubadala Investment Company, apparently sees Bitcoin as a long-term store of value, which is refreshing in a world where most people can’t even commit to a Netflix subscription.

Abu Dhabi’s Bitcoin Gambit: Bold or Bonkers?

ADIC decided to double down during a period of extreme volatility. Bitcoin hit a record $125,100 on October 5, only to plunge below $90,000 this week. It’s like watching a rollercoaster designed by someone who’s clearly had too much coffee. ☕️ Yet, instead of running for the hills, ADIC went shopping. Analysts in the UAE, including the ever-optimistic Zayed Aleem and MartyParty, see this as a bullish sign. Of course, they would-they’re not the ones watching their portfolio swing wildly every morning.

Despite the current chaos, IBIT is still sitting pretty with $25 billion in inflows this year. Since its launch, it’s raked in over $63 million in net inflows, which is impressive for an asset that’s more unpredictable than my mood after skipping breakfast. Analysts are split on Bitcoin’s next move, but some, like the cryptically named VICTOR, think this dip might just be a golden opportunity. 🪙

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FAQs

Why did ADIC increase its Bitcoin ETF holdings?

Because they’re cool, calm, and collected, unlike the rest of us who panic-sell at the first sign of trouble. They see Bitcoin as a long-term play, which is nice if you can afford to think long-term.

What makes ADIC’s move different from U.S. Bitcoin ETF investors?

While Americans were busy hitting the “sell” button like it was December 26th, ADIC was hitting “buy” like it was Black Friday. 🛒

Why are U.S. Bitcoin ETFs facing outflows right now?

Because people are either cashing out or they’re just tired of pretending they understand Bitcoin. 🤯

Is Bitcoin’s current price drop a long-term concern for investors?

Analysts say no, but analysts also said avocado toast wouldn’t bankrupt millennials, so take that with a grain of salt. 🧂

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2025-11-20 08:53