Paul Tudor Jones’ investment firm increases stake in BlackRock's bitcoin ETF after year of selling
Paul Tudor Jones’ investment firm has increased its stake in BlackRock's Bitcoin ETF after a year of consistent selling. Despite the increase, the firm's current holdings remain significantly lower than their 2024 peak.
Why it matters
The move by a prominent hedge fund manager highlights the ongoing debate over Bitcoin's role as an inflation hedge in institutional portfolios.
The firm held 688,529 shares of the iShares Bitcoin Trust ETF (IBIT), valued at $22.9 million as of June 30, according to a 13F filing on Friday .
The share count rose by 109,446, or 18.9%, from 579,083 at the end of March . The holdings are now worth around $24.5 million.
Tudor also reported calls tied to 148,000 underlying IBIT shares, down 85.2% from 998,000 in March. Its put position edged down 1.4% to 715,000 underlying shares from 725,000, according to the filings.
The filing does not disclose the options’ strike prices or expiration dates, so the underlying share counts do not provide a direct measure of Tudor’s directional exposure. And the derivatives positionings are likely a hedging mechanism for its bitcoin bets.
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