In short

  • Abu Dhabi's two national wealth funds lost USD 118 million from IBIT without selling shares

  • Bets exceeded 1 billion USD in May; before June, they fell by 302 million USD

  • IBIT has become the most heavily held U.S. stock by the investment board

Read the original story: Bitcoin drops, Abu Dhabi causes damage of USD 118 million—will he sell or not by Phil Haunhorst at th.beincrypto.com

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