Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into one of the hottest ETFs on the market.
New SEC filings show Jones has nearly doubled his fund’s stake in BlackRock’s Bitcoin ETF, from 4,428,230 shares to 8,048,552 shares.
After huge buys in the last two quarters, Tudor Investment Corporation has now allocated about $445 million to the BlackRock iShares Bitcoin Trust (IBIT).
Late last year, Jones touted Bitcoin as a hedge against inflation and poor fiscal management from the government.
“I think all roads lead to inflation. I’m long gold, I’m long Bitcoin, I think commodities are so ridiculously under-owned.”
The BlackRock iShares Bitcoin Trust (IBIT) currently manages 583,122 BTC on behalf of its clients, valued at $56.86 billion at time of publishing.
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