Key facts
- Tudor Investment increased its stake in BlackRock's spot Bitcoin ETF (IBIT) by 18.9% in the last quarter.
- The firm had been selling its Bitcoin ETF holdings for the previous year.
- Tudor Investment reduced its call options on IBIT.
- The firm's actions signal a shift towards direct spot exposure to Bitcoin.
- Paul Tudor Jones founded Tudor Investment.
Tudor Investment, the firm established by Paul Tudor Jones, has significantly altered its position in the BlackRock spot Bitcoin ETF (IBIT). In the last quarter, the firm boosted its holdings in IBIT by 18.9%. This strategic adjustment represents a notable shift after a preceding year characterized by the selling of its Bitcoin ETF investments. Concurrently, Tudor Investment has reduced its call options on IBIT. This action suggests a preference for acquiring direct ownership of the underlying Bitcoin asset rather than relying on derivative contracts. The firm's evolving strategy indicates a renewed or intensified interest in direct spot exposure to Bitcoin through the ETF vehicle.