Key Highlights
- Tudor Investment Corp expanded its IBIT holdings by 18.9%, reaching 688,529 shares valued at $22.9 million at quarter-end June 30, 2026
- The firm’s holdings increased from 579,083 shares reported at the conclusion of Q1 2026
- Call options linked to IBIT were slashed by 85.2%, while put option positions experienced a minor decline
- Jones continues to advocate for bitcoin as the “best inflation hedge,” emphasizing its capped supply mechanism
- This disclosure arrived during the same week Edelman Financial revealed a $34 million stake in Bitcoin ETFs
The hedge fund managed by billionaire Paul Tudor Jones has discreetly expanded its exposure to BlackRock’s Bitcoin ETF, despite the overall position remaining significantly lower than its 2024 high-water mark.
According to regulatory filings, Tudor Investment Corp maintained 688,529 shares of BlackRock’s iShares Bitcoin Trust at the close of June 30, 2026. This represents an 18.9% increase compared to the 579,083 shares documented at the end of the first quarter.
At filing time, the position carried a valuation of $22.9 million, with current estimates placing it near $24.5 million. Given Tudor’s approximately $106 billion in assets under management, this bitcoin exposure constitutes a relatively modest allocation within the firm’s extensive portfolio.
Tudor submitted its quarterly 13F disclosure to the Securities and Exchange Commission last Friday. Such regulatory documents are mandated on a quarterly basis and reflect institutional investment positions as of the final day of each reporting period.
Dramatic Reduction in Call Option Positions
Alongside the expansion in direct share ownership, Tudor revealed a substantial reduction in call options associated with the ETF. Call option contracts plummeted 85.2%, now covering just 148,000 underlying shares compared to 998,000 shares in the March filing.
Put option holdings saw a marginal decrease, dropping from 725,000 to 715,000 underlying shares. Since the filing lacks specific details regarding strike prices and expiration timeframes, these options positions appear to serve primarily as portfolio hedging mechanisms rather than speculative directional plays.
Jones initially revealed ownership of 869,565 iShares Bitcoin Trust shares during mid-2024. That position subsequently ballooned to 8.05 million shares carrying a $427 million valuation by the end of that year, before being systematically reduced throughout each quarter of 2025. The present stake stands 91.4% below that late-2024 zenith.
Long-Standing Advocacy for Bitcoin’s Anti-Inflation Properties
For years, Jones has positioned himself among the most outspoken bitcoin proponents in traditional finance circles. His initial public disclosure of bitcoin exposure came via a May 2020 research note titled “The Great Monetary Inflation,” where he characterized bitcoin as the “fastest horse” in a competitive field of assets combating inflation driven by central bank monetary expansion.
During a 2024 CNBC appearance, he revealed maintaining long positions in both gold and bitcoin while holding zero fixed-income securities. More recently, in April 2026, he dubbed bitcoin the “best inflation hedge” available, highlighting its predetermined supply cap as a critical competitive edge over traditional stores of value like gold.
BlackRock’s iShares Bitcoin Trust continues to command the largest market share among US spot bitcoin ETFs, controlling approximately 49% of aggregate spot bitcoin ETF assets. Combined assets under management across all US-based spot bitcoin ETFs approached $105 billion at the conclusion of Q2 2026.
Tudor’s filing emerged during the identical week that Edelman Financial announced a $34 million bitcoin ETF allocation, signaling expanding appetite among conventional asset management firms for regulated bitcoin investment vehicles.
Tudor Investment Corp’s subsequent 13F report, documenting third-quarter holdings, is scheduled for submission in mid-November 2026.
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