Tudor Investment Boosts Stake in BlackRock's Bitcoin ETF After Year-Long Selling Streak

Tudor Investment, the macro hedge fund founded by billionaire Paul Tudor Jones, has increased its stake in BlackRock's spot Bitcoin ETF. As of June 30, the firm held 688,529 shares of the iShares Bitcoin Trust (IBIT), valued at about $22.9 million.

This marks an 18.9% jump from the 579,083 shares reported at the end of March and is a reversal of a year-long stretch of selling. Tudor Investment's stake in IBIT remains far below its late-2024 peak of over 8 million shares, but this move is seen as a notable signal from one of Wall Street's most closely watched traders returning to accumulation.

The firm has also reshaped how it holds its exposure to the asset. Tudor Investment slashed its reported call options tied to IBIT by about 85%, suggesting a move away from leveraged bets and toward straightforward spot exposure.