ChainCatcher news, Bloomberg senior analyst James Seyffart posted data on the X platform indicating that the Abu Dhabi sovereign wealth fund Mubadala Investment Company is currently the seventh largest holder of the known BlackRock Bitcoin ETF (IBIT), holding IBIT valued at $461.23 million. This indicates that traditional financial institutions are increasingly interested in the cryptocurrency market and are beginning to participate through investments in Bitcoin ETFs and other means.

ChainCatcher news, according to Cointelegraph, fintech company Ramp, focused on cryptocurrency, has completed a $70 million Series B funding round, led by venture capital firms Mubadala Capital and Korelya Capital, with participation from Cogito Capital and previous major supporter Balderton Capital. The new funds will be used to improve its product line, expand to new locations, and increase the number of fiat currencies and payment methods offered. (Source link)