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BlackRock’s Abu Dhabi Meeting Signals Growing Ripple Opportunity in the Middle East

Cryptonite UAE

BlackRock, a leading global asset manager, recently held its first board meeting in Abu Dhabi, a move that signifies its heightened focus on the United Arab Emirates (UAE) and the wider Middle East region. This development, which included high-level engagement with UAE royalty and BlackRock CEO Larry Fink, centered on themes like artificial intelligence (AI), … Read more

Abu Dhabi Investment Council Triples Bitcoin ETF Stake Despite Market Volatility

Cryptonite UAE

The Abu Dhabi Investment Council (ADIC), which is part of Mubadala Investment Company, has significantly increased its exposure to Bitcoin, nearly tripling its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) during the third quarter. The Investment: ADIC raised its IBIT stake from 2.4 million shares to almost 8 million shares by September 30. At the … Read more

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