Paul Tudor Jones' Firm Picks up Back Into BlackRock Bitcoin ETF After a Year of Selling
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Tudor Investment, the macro hedge fund founded by billionaire Paul Tudor Jones, added to its stake in BlackRock's spot Bitcoin ETF last quarter, reversing a year-long stretch of selling.
Key facts
The Connecticut firm held 688,529 shares of the iShares Bitcoin Trust, or IBIT, valued at about $22.9 million as of June 30, according to a 13F filing submitted to the Securities and Exchange Commission on Aug
That marks an 18.9% jump from the 579,083 shares it reported at the end of March, a net addition of 109,446 shares
The firm slashed its reported call options tied to IBIT by about 85%, to the equivalent of 148,000 underlying shares from 998,000, while its put position held roughly steady
IBIT continues to dominate the category, commanding roughly 49% of U.S. spot Bitcoin ETF assets
Summary
Tudor Investment increased its stake in BlackRock's IBIT to 688,529 shares (~$22.9 million) as of June 30, an 18.9% jump from the prior quarter, reversing a year of selling, per its latest 13F filing. The firm also cut its reported IBIT call options by about 85% while keeping puts roughly flat, suggesting a move from leveraged positions toward straightforward spot exposure—though the stake remains far below its late-2024 peak of over 8 million shares. The buying, from a longtime Bitcoin-as-inflation-hedge advocate, lands amid renewed institutional ETF interest. The Connecticut firm held 688,529 shares of the iShares Bitcoin Trust, or IBIT, valued at about $22.9 million as of June 30, according to a 13F filing submitted to the Securities and Exchange Commission on Aug. 14.