Bitcoin Price Prediction: As Abu Dhabi Invests $437M In BlackRock Bitcoin ETF, This Meme Coin ICO Is Giving Away Free BTC
The Bitcoin price climbed 1% in the last 24 hours to trade at $97,531 as of 11 p.m. EST on a 15% slump in trading volume to $31.35 billion. This follows Abu Dhabi’s bold $436.9 million investment in BlackRock’s iShares Bitcoin ETF (IBIT), signaling growing institutional confidence in digital assets. The investment, made through Mubadala Investment Company, a $280 billion sovereign wealth fund, aligns with the Middle East’s increasing adoption of cryptocurrencies. Abu Dhabi just dropped $437M into BlackRock’s Spot Bitcoin ETF. 🤑 Big money is making moves while retail watches from the sidelines. Smart money or nah? 👀 pic.twitter.com/znroCvXATH — damaze 😵 (@damaze_bro) February 14, 2025 Notably, the move came as BlackRock secured a commercial license in Abu Dhabi. Abu Dhabi has been expanding its crypto presence, including a 2023 Bitcoin mining project with Marathon Digital and Zero Two, highlighting the region’s commitment...