Search results for Mubadala Investment Company
Crypto
Institutional bitcoin spot ETF holdings rise despite price drop
Bitcoin fell 14.2 percent in the second quarter, but institutional holdings of bitcoin spot exchange-traded funds rose 7.5 percent, based on U.S. SEC 13F filings. The number of institutions reporting bitcoin positions fell about 6.8 percent. Banks and some asset managers increased exposure, while some hedge funds cut ETF shares. Market makers showed sharp swings tied to creation, redemption and hedging. Long-term investors largely maintained holdings.
Crypto
UAE exchange MidChains CEO says sovereign wealth funds accumulating spot bitcoin
A claim has emerged that sovereign wealth funds have recently been accumulating spot bitcoin, as retail participation slows and institutional and corporate money views current prices as a long-term opportunity. MidChains CEO Basil Al Askari said at least one sovereign wealth fund is buying spot bitcoin and up to two could be confirmed in coming weeks. He said such buying may not quickly lift prices but could signal other institutions.
Crypto
Bitcoin nears bottom against gold as bottom calls gain traction
Analysts say bitcoin may be nearing a market bottom as its value against gold approaches a low. Mercado Bitcoin research head Roni Suster said weakness versus gold could signal a bottom, with cycle analysis suggesting a February low and a rebound from March. Jan3 CEO Samson Mow said bitcoin is undervalued versus gold market value and global money supply. The view comes amid global uncertainty, rising gold prices and bitcoin ETF outflows, though large investors increased spot bitcoin ETF exposure in mid-February.