Tudor Investment Boosts Stake in BlackRock's Spot Bitcoin ETF

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

This marks an 18.9% jump from the 579,083 shares it reported at the end of March and a net addition of 109,446 shares. Tudor's stake in IBIT remains far below its late-2024 peak of more than 8 million shares, which was valued around $427 million.

The reversal is being seen as a notable signal from one of Wall Street's most closely watched traders returning to accumulation. Jones has long championed Bitcoin as a hedge against inflation and this latest move aligns with that thesis.