Abu Dhabi Sovereign Wealth Fund disclosed holding a BTC spot ETF (IBIT) position of $534 million. Interpretation: The data is true, but in fact, Abu Dhabi Sovereign Wealth Fund already held approximately 8.2 million shares of IBIT in Q4 2024, with a total value of $437 million at that time. By Q1 2025, the holdings had risen to 8.277 million shares, with a total value of $408.5 million at that time. Although the position of IBIT has increased, the total value has decreased due to the decline in BTC price. The currently released data is for Q2 2025 holdings, and there has been no net increase in IBIT holdings in any stock during this quarter. The increase in holdings value is mainly due to the rise in Bitcoin prices. This article is sponsored by Bitget | @ Bitgetzh