Crypto Brief: Paul Tudor Jones’ Blackrock Bitcoin ETF Bet Hits $22.9M

According to recent market coverage, billionaire hedge fund manager Paul Tudor Jones’ Tudor Investment Corp increased its stake in Blackrock’s spot Bitcoin exchange-traded fund (ETF) to $22.9 million, according to a newly filed 13F.

Tudor Investment Corp, the Connecticut-based macro hedge fund Jones founded in 1980, disclosed 688,529 shares of Blackrock’s Ishares Bitcoin Trust (IBIT) in its latest 13F filing with the Securities and venue Commission (SEC).

The stake was valued at $22.9 million as of the June 30 reporting date, marking an 18.9% increase from the 579,083 IBIT shares the firm reported for the prior quarter.

The steady build-out places Jones among a widening group of traditional asset managers using spot Bitcoin ETFs, rather than direct custody, to gain exposure to the asset.

Tudor Investment Corp manages roughly $106 billion in assets, meaning the IBIT position remains a small sliver of the fund’s total book even after the latest addition.

Jones has been one of Wall Street’s most consistent bitcoin advocates for years, long calling the asset a hedge against monetary debasement rather than a speculative trade.

In an October 2024 CNBC interview, he summed up his portfolio stance bluntly, noting: “I’m long gold.

I own zero fixed income.” That long-standing thesis has increasingly translated into ETF ownership since spot Bitcoin funds launched in the United States in January 2024, giving hedge funds a way to hold bitcoin exposure inside existing custody and compliance infrastructure instead of managing private keys directly.