Paul Tudor Jones Increases Bitcoin ETF Shares to 4.4 Million Shares

Tudor Investment Corporation, headed by the famous hedge fund manager Paul Tudor Jones, has increased its Bitcoin holdings significantly.

A 13F filing with the Securities and Exchange Commission (SEC) revealed that the company held more than 4.4 million shares in the BlackRock iShares Bitcoin Trust ETF as of September 30, 2024. This is up from 869,565 shares reported in June to 4.4 million. .

Tudor Investment Corporation increased its holdings by 400%.

In June, the holdings were about 160 million dollars. By the end of September, this investment had grown to about $230 million. The increase reflects additional shares purchased by the firm and Bitcoin's ongoing bull run.

Paul Tudor Jones has consistently advocated for Bitcoin as a critical hedge against inflation. Increasing the company's stake in BlackRock's Bitcoin ETF shows growing confidence in Bitcoin's long-term value. The move is in line with Jones' earlier comments about Bitcoin's role in protecting wealth during uncertain economic times.

“Billionaire hedge fund manager Paul Tudor Jones: All roads lead to inflation… I'm long gold, long bitcoin, long commodities,” crypto influencer Michael Berry said on X.

BlackRock, the world's largest asset manager, continues to accept institutional cryptocurrencies. Its iShares Bitcoin Trust ETF gives investors a way to access Bitcoin through a familiar and regulated product.

Institutional demand is increasing.

Tudor's investment comes as optimism builds around Bitcoin ETFs gaining acceptance in the United States. These ETFs, including BlackRock's pending application, promise easy access to Bitcoin for traditional investors. If allowed, they can open the floodgates for more institutional involvement.

“Microstrategy buys another 51,780 #Bitcoin Do you realize how crazy this is? MSTR bought more Bitcoin than Germany in TOTAL earlier this year. @saylor is about to push Bitcoin to $100K on his own,” said Rajat Soni on X.

Other institutional players are also on the move. On November 18 alone, MARA Holdings announced $700 million in convertible notes to lighten Bitcoin reserves and bought mining company MicroStrategy for $4.6 billion in BTC. It has been reported that crypto revenue has risen to nearly $2.2 billion in the past week.

Tudor Investments Corp. has strengthened its position in the cryptocurrency market by quadrupling its stake in BlackRock's iShares Bitcoin Trust ETF. As regulatory transparency improves and adoption grows, investments like these could mark the next big step in bridging traditional finance and digital assets.