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Abu Dhabi invests $437M in Bitcoin ETFs, Wisconsin doubles its holdings

Abu Dhabi added IBIT shares to its $302 billion in assets under management, while SWIB surpassed $320M in BTC exposure.

CryptoSlate

Feb 15

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Abu Dhabi is making headlines with a significant investment of $437 million in Bitcoin ETFs, signaling a robust institutional interest in cryptocurrency. This move comes as the Wisconsin State Investment Board also doubles its Bitcoin holdings, now exceeding $320 million. Meanwhile, Ripple's CEO Brad Garlinghouse expresses optimism about bipartisan efforts for crypto regulation in Washington, indicating a potential shift towards more favorable policies. In the financial sector, both State Street and Citi are reportedly gearing up to launch crypto custody services, further solidifying the mainstream acceptance of digital assets. Stay tuned for more insights on these pivotal developments!

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The global crypto market cap is $3.24 trillion, with a 24-hour volume of $90.98 billion. The price of Bitcoin is $97,712.66, and BTC market dominance is 59.8%. The price of Ethereum is $2,693.80, and ETH market dominance is 10.0%. The best-performing sector is Bitcoin Ecosystem, which gained 12%. The Crypto Fear & Greed Index is currently Neutral (50).