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    UAE’s ADIC Increases Bitcoin ETF Holdings as U.S. ETFs See Major Outflows

    Story Highlights
    • ADIC boosts its IBIT holdings to nearly 8M shares as U.S. Bitcoin ETFs face heavy outflows, signaling strong long-term confidence amid market volatility.

    • Despite Bitcoin’s sharp swings, ADIC expands its $520M position, standing out as U.S. ETFs see redemptions and IBIT tracks BTC’s continued weakness.

    The Abu Dhabi Investment Council (ADIC) has taken a major step, while most U.S. Bitcoin ETFs are facing heavy withdrawals. While BlackRock’s IBIT reported a $523.2 million single-day outflow and U.S. spot Bitcoin ETFs recorded five days of redemptions, ADIC quietly expanded its position during the third quarter. This move stands out as global sentiment remains cautious in November.

    Bitcoin ETF Outflows Rise, but ADIC Moves in the Opposite Direction

    Many ETF investors are sitting near their cost basis of about $90,146, meaning they are barely in profit or loss. Even with nearly $372.8 million withdrawn in a single day, total ETF assets haven’t dropped sharply, suggesting the selling pressure is mostly coming from outside ETF markets. IBIT is now trading near $52, reflecting Bitcoin’s broader pullback.

    Bloomberg data shows ADIC increased its IBIT holdings from 2.4 million to almost 8 million shares by September 30, valued at around $520 million. ADIC, part of the Mubadala Investment Company, sees Bitcoin as a long-term store of value and strengthened its position despite market turbulence.

    UAE Confidence Stands Out as Bitcoin Volatility Continues

    ADIC made this move during a highly volatile period. After Q3 ended, Bitcoin hit a record $125,100 on October 5 before falling below $90,000 this week. Even with this sudden rise and drop, ADIC chose to add more instead of cutting back, showing strong long-term conviction.

    IBIT continues to follow Bitcoin’s weakness and recently closed at $50.71, but analysts in the UAE view ADIC’s decision as a positive signal. Experts like Zayed Aleem and MartyParty say it reflects trust in Bitcoin’s long-term value.

    Despite current pressure, IBIT still holds $25 billion in inflows this year, placing it among the top U.S. ETFs. Since launch, it has collected more than $63 million in net inflows. Analysts are divided on Bitcoin’s next move, but some, including VICTOR, believe the current levels may offer long-term opportunities.

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    FAQs

    Why did ADIC increase its Bitcoin ETF holdings?

    ADIC boosted its Bitcoin ETF holdings because it sees Bitcoin as a long-term value asset, even during market volatility.

    What makes ADIC’s move different from U.S. Bitcoin ETF investors?

    While U.S. ETFs saw heavy withdrawals, ADIC expanded its position, signaling stronger long-term confidence than short-term traders.

    Why are U.S. Bitcoin ETFs facing outflows right now?

    Many U.S. ETF holders are near break-even prices, leading to profit-taking and short-term selling as Bitcoin stays volatile.

    Is Bitcoin’s current price drop a long-term concern for investors?

    Many analysts say the recent drop is short-term volatility, and long-term investors often view these levels as potential opportunities.

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