As of the end of last year, the Abu Dhabi Fund held over $1 billion in BlackRock's Bitcoin Spot ETF.
February 18th — Regulatory filings submitted Tuesday reveal two Abu Dhabi-based funds held more than $1 billion in assets of Bitwise’s flagship Bitcoin spot ETF as of the end of last year.
Sovereign wealth fund Mubadala Investment Company disclosed holding 12,702,323 shares of the Bitwise fund (ticker: IBIT), valued at approximately $631 million. Separately, government-affiliated investment entity Al Warda Investments reported holding 8,218,712 IBIT shares (worth $408 million) in two 13F filings with the U.S. Securities and Exchange Commission (SEC).
Mubadala’s 13F filing shows its IBIT stake rose 46% from its third-quarter SEC submission. The Abu Dhabi fund held over 8 million IBIT shares for most of 2024.
Bitwise’s spot BTC fund is the largest of its kind, with roughly $58 billion in assets under management (AUM). The fund’s value has dropped sharply amid Bitcoin’s price decline in recent months.
13F filings are quarterly SEC submissions by institutional managers with at
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Three Japanese Securities Giants Consider Entering Cryptocurrency Trading Business
February 18th
Three Japanese securities giants—with a combined market capitalization of roughly $480 billion—are weighing entry into cryptocurrency trading, with the largest targeting a late-2026 launch of crypto services.
Japan’s top securities firm Nomura Holdings (which manages ~$673 billion in client assets) will operate the business via its Swiss crypto subsidiary Laser Digital, Nikkei reports. Two peers—Daiwa Securities Group and SMBC Nikko Securities—are also actively exploring crypto trading entry.
The firms cite expected surging crypto demand as Tokyo eases restrictions on cryptocurrency exchange-traded funds (ETFs), driving their proactive preparation. They won’t let Bitcoin price drops derail their crypto adoption efforts, aiming to add more digital assets to their holdings by 2026.
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A certain whale address has deposited 30 million U into HyperLiquid to go long on BTC with 3x leverage
February 18th: Per Onchain Lens monitoring, the whale address "pension-usdt.eth" has again deposited 30 million USDC into HyperLiquid and opened a 3x leveraged long position on BTC.
Position details:
- Quantity: 1,000 BTC
- Value: $67.59 million
- Entry Price: $67,203.6
- Liquidation Price: $37,681.1
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Benchmark maintains "Buy" rating on Metaplanet, but target price lowered by over 50%
Benchmark on Tuesday maintained a “Buy” rating on Metaplanet but slashed its price target by more than half, citing the Tokyo-listed Bitcoin reserve firm’s latest financial report highlighting the “outlook and risks” of its aggressive Bitcoin accumulation strategy.
Analyst Mark Palmer cut the price target to 1,100 yen from 2,400 yen, noting recent performance underscores the “hope and danger” of Metaplanet’s Bitcoin-focused financial strategy. The stock trades on the U.S. OTC market under ticker MTPLF, currently around $2.20—after briefly falling to ~$1.85 earlier this month, near its lowest level since the firm launched its Bitcoin purchase strategy in April 2024.
Metaplanet reported a $619 million net loss for the fiscal year ended Dec. 31, driven primarily by unrealized non-cash valuation losses on its Bitcoin holdings from late-year price declines. Still, operating performance improved sharply: revenue and profit grew thanks to Bitcoin-related financial services.
A key pil
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Investment Bank TD Cowen: Progress on the CLARITY Act Could Be Accelerated if Trump Agrees to Fill Democratic Vacancies at the SEC and CFTC
February 18 — Investment bank TD Cowen said filling Democratic vacancies at the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) could help advance negotiations on the U.S. Cryptocurrency Market Structure Bill.
The firm noted the bill’s biggest obstacle isn’t its core framework — whether digital assets should be regulated as securities by the SEC or commodities by the CFTC — but a political dispute over conflict-of-interest rules.
Democrats are pushing for a ban on specific crypto transactions by senior government officials and their families. TD Cowen noted this proposal would cover former President Donald Trump and his family, given his involvement in the crypto project World Liberty Financial. Bloomberg estimated last month Trump has made roughly $1.4 billion from the project; his family also holds a 20% stake in mining firm American Bitcoin.
Democrats are unlikely to back down on the requirement, as the party has framed Trump’s
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