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Major investment players are doubling down on crypto with new filings showing Abu Dhabi’s Mubadala Investment Company and Citadel Advisors expanding their positions in BlackRock’s spot Bitcoin ETF iShares Bitcoin Trust or IBIT. Mubadala now holds 8.7 million IBIT shares worth $408 million as of March 31 up from 8.2 million at the end of 2024.
Citadel Advisors also made a big move growing its stake to over 3 million IBIT shares valued at $147 million up from just 1 million in December. The firm further showed strong exposure with $676 million in call options and $366 million in put options tied to IBIT. These developments signal continued confidence in Bitcoin among major institutions.
Other big players are also backing IBIT including Goldman Sachs Avenir Group and Millennium Management which still holds 17.5 million shares worth $823 million. Despite some exits like the State of Wisconsin Investment Board overall institutional interest in crypto remains solid and growing.
