Paul Tudor Jones Boosts Bitcoin ETF Stake to 4.4 Million Shares
Tudor Investments, led by famous hedge fund manager Paul Tudor Jones, has significantly increased its Bitcoin reserves.
A recent 13F filing with the U.S. Securities and Exchange Commission (SEC) showed that as of September 30, 2024, the company held more than 4.4 million shares of the BlackRock iShares Bitcoin Trust ETF. The jump to 4.4 million shares from the 869,565 reported in June is huge.
Tudor Investments increases stake by 400%
In June, the stake was worth about $160 million. As of the end of September, this investment had grown to approximately $230 million. The increase reflects purchases of additional shares by the company as well as Bitcoin’s bull run continues.
Paul Tudor Jones has been advocating for Bitcoin as an important hedge inflation. Increase His firm’s stake in the BlackRock Bitcoin ETF demonstrates growing confidence in Bitcoin’s long-term value. The move is consistent with Jones’ earlier statements, emphasizing Bitcoin’s role in protecting wealth during times of economic uncertainty.
“Billionaire hedge fund manager Paul Tudor Jones: All roads lead to inflation…I’m long gold, I’m long Bitcoin, I’m long commodities,” crypto influencer Michael Burry explain on X.
BlackRock, the world’s largest asset manager, continues to push institutional acceptance of cryptocurrencies. Its iShares Bitcoin Trust ETF offers investors a way to acquire Bitcoin through a familiar and regulated product.
Institutional interest rises
Tudor’s investment comes amid rising optimism in spot markets Bitcoin ETF Obtained U.S. approval. These ETFs include BlackRock’s pending application, Promises to make Bitcoin more accessible to traditional investors. If approved, they could even open the floodgates More institutions are involved.
“Microstrategy bought another 51,780 #Bitcoin, do you know how crazy this is? Earlier this year, MSTR bought more Bitcoin than Germany has in total. @saylor will single-handedly push Bitcoin to $100,000 ” explain Raja Soni is X.
Other institutional players are also on the prowl. On this day only, November 18th, MARA Holdings announces US$700 million capital injection Convertible Notes to Replenish Bitcoin Reserves, and Mining Company MicroStrategy $4.6 billion in BTC purchased. Separately, cryptocurrency inflows reportedly surged to Nearly $2.2 billion last week.
Quadruples its stake in BlackRock iShares Bitcoin Trust ETFTudor Investments has solidified its position in the cryptocurrency market. As regulatory clarity increases and adoption grows, such investments could mark the next major advancement between traditional finance and digital assets.
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