PANews reported on May 16 that according to Bitcoin Magazine, the latest 13F filing from Abu Dhabi's sovereign wealth fund Mubadala shows that its holdings in BlackRock's spot Bitcoin ETF (IBIT) have increased to 8.727 million shares, with a market value of $408.5 million, representing a 6% increase from the end of 2024. This investment coincides with high-level interactions on crypto policy between the US and UAE. David Sacks, a special AI and crypto advisor appointed by President Trump, discussed opportunities for the integration of digital currency and artificial intelligence with UAE officials on March 20.