Talk about institutional moves — looks like someone's hinting at Abu Dhabi's sovereign wealth fund here. Word is they're the only major SWF publicly disclosed as holding $IBIT, and we're talking serious scale. Ranked third globally among sovereign funds, they scooped up half a billion in exposure roughly a year back at a $49 entry point. Fast forward to today, with IBIT trading around $52, they're sitting on modest gains despite market chop. Not many funds of that caliber report crypto allocations openly, so this positioning stands out. Whether smaller SWFs are quietly joining the party without disclosure remains anyone's guess.