#sec-disclosures

#sec-disclosures

Al Warda Investments, an entity affiliated with the Abu Dhabi Investment Council, separately reported 8.2 million IBIT shares worth approximately $408 million (as of Q4 2025). As Bitcoin.com News reported, the combined IBIT holdings of Abu Dhabi-linked sovereign entities crossed $1 billion by the end of last year, a threshold that underlines the emirate's systematic approach to bitcoin as a reserve asset. The Abu Dhabi Investment Council had also significantly expanded its own direct position, tripling its IBIT holdings in Q3 2025 alone, one of the largest single-quarter expansions recorded among sovereign buyers of the ETF.

The CLARITY Act aims to address years of regulatory uncertainty with a structured framework that clearly defines digital assets, intermediary roles and disclosure obligations. It places most spot trading of qualifying tokens under CFTC oversight, while keeping the SEC responsible for primary offerings, disclosures and investor protections. The bill focuses on regulating activities as much as assets, setting registration and conduct standards for exchanges, brokers and dealers to strengthen market integrity and transparency.