Tudor Investment rebuilds bitcoin ETF exposure after year of selling
Paul Tudor Jones’ Tudor Investment has increased its exposure to bitcoin through BlackRock’s iShares Bitcoin Trust ETF, reversing a year-long reduction in the hedge fund’s position, according to a report by The Street.
Paul Tudor Jones' Tudor Investment has reversed a year-long decrease in its Bitcoin exposure by increasing its holdings in BlackRock's iShares Bitcoin Trust ETF. At the end of June, Tudor owned 688,529 shares of the ETF, valued at around $22.9 million, according to its latest 13F filing. This represents a rise of 109,446 shares from the previous quarter.
The shift in exposure occurred concurrently with a substantial reduction in Tudor's involvement through IBIT call options, which decreased from 998,000 to 148,000 shares, an approximate 85% reduction, while maintaining its put position. Tudor's current IBIT position is still considerably lower than its peak, which was more than 8 million shares of the ETF worth around $427 million in December 2024.
Jones, a well-known proponent of Bitcoin, has disclosed that he allocated between 1% and 2% of his assets to the cryptocurrency, describing it as a potential hedge against inflation.
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