The Abu Dhabi Investment Council (ADIC) has increased its investment in a Bitcoin exchange-traded fund (ETF) to over three billion dollars. This move marks a significant step for one of the world's largest sovereign wealth funds towards recognizing cryptocurrency as an asset class. ADIC's investments are seen as a strong signal to other major investors and could further legitimize and integrate Bitcoin into traditional financial markets. The Abu Dhabi Investment Council, known for its conservative approach, typically invests in more traditional assets such as stocks, bonds, and real estate. Therefore, the decision to invest in a Bitcoin ETF is an unexpected and landmark event in the global financial arena.
