Paul Tudor Jones' Tudor Investment increases BlackRock Bitcoin ETF stake to $22.9 million

Billionaire Paul Tudor Jones' hedge fund, Tudor Investment Corporation, increased its direct stake in BlackRock's iShares Bitcoin Trust ETF (IBIT) by 18.9% to 688,529 shares, valued at $22.9 million as of June 30, 2026. While the firm expanded its direct equity position, it simultaneously slashed its IBIT call options by 85.2% to 148,000 underlying shares. The moves align with Jones' long-standing advocacy for bitcoin as a premier inflation hedge, amid a broader wave of institutional adoption of regulated spot cryptocurrency vehicles.

Tudor Investment IBIT stake increase

• ▪Tudor Investment Corporation increased its direct holdings in BlackRock's iShares Bitcoin Trust ETF to 688,529 shares as of June 30, 2026.
• ▪The direct-share position of Tudor Investment Corporation in the iShares Bitcoin Trust ETF remained 91.4% below its late-2024 peak of 8.05 million shares.
• ▪The iShares Bitcoin Trust ETF holdings of Tudor Investment Corporation were valued at approximately $22.9 million as of June 30, 2026.
• ▪Tudor Investment Corporation's iShares Bitcoin Trust ETF share count rose by 109,446 shares, or 18.9%, from the 579,083 shares held at the end of March 2026.

Bitcoin as inflation hedge

• ▪Paul Tudor Jones first disclosed a low single-digit percentage allocation to bitcoin futures in a May 2020 market note titled 'The Great Monetary Inflation'.
• ▪Paul Tudor Jones has repeatedly advocated for bitcoin as an inflation hedge, calling it the best inflation hedge in April 2026 due to its fixed supply.

Options position reduction

• ▪Tudor Investment Corporation's put options tied to the iShares Bitcoin Trust ETF decreased by 1.4% to 715,000 underlying shares as of June 30, 2026.
• ▪Tudor Investment Corporation reduced its reported call options tied to the iShares Bitcoin Trust ETF by 85.2% to 148,000 underlying shares as of June 30, 2026.

Institutional Bitcoin ETF adoption

• ▪Edelman Financial disclosed a $34 million investment in spot Bitcoin ETF products during the same week as Tudor Investment Corporation's August 2026 filing.
• ▪BlackRock's iShares Bitcoin Trust ETF controls approximately 49% of the aggregate U.S. spot bitcoin ETF assets, which approached $105 billion at the end of Q2 2026.

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