Edelman and Tudor Invest Big in Spot Bitcoin ETFs

Edelman Financial Engines has disclosed a $34 million position in spot Bitcoin ETFs. The stake is larger than its $25 million position in Amazon, making it one of the firm's significant holdings. This move aligns with the public views of its founder, Ric Edelman, who has been advocating for Bitcoin ETFs since 2019.

Edelman Financial isn't alone in this investment; Tudor Investment Corporation, led by Paul Tudor Jones, also reported owning shares of BlackRock's spot Bitcoin ETF. The firm disclosed 688,529 shares valued at $22.9 million as of June 30. This is up from the 579,083 shares reported the previous quarter.

Jones' investment in Bitcoin is notable given his reputation for successfully reading inflation cycles and their historical patterns.