Key facts
- Tudor Investment increased its stake in BlackRock's spot bitcoin ETF.
- The stake increase occurred in the second quarter.
- Tudor Investment acquired 688,529 shares.
- The acquisition represents an 18.9% increase in the firm's stake.
- The newly acquired shares were valued at $22.9 million as of June 30.
- This follows a period of selling and reduced call options by the firm.
Tudor Investment, the firm founded by Paul Tudor Jones, has substantially increased its investment in BlackRock's spot bitcoin ETF in the second quarter. The firm acquired 688,529 additional shares, marking an 18.9% increase in its overall stake. As of June 30, the value of these newly acquired shares amounted to $22.9 million. This strategic acquisition follows a period where Tudor Investment had previously reduced its exposure to bitcoin ETFs and significantly decreased its holdings of call options related to the product. The firm's renewed interest suggests a potential shift in its short-term outlook on bitcoin's price movements, despite prior reductions in its position.