Billionaire Paul Tudor Jones Pours $445,000,000 Into Single Asset, New SEC Filings Show
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.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MANTRA Secures Limited DeFi License from VARA: A Step Towards Regulated Innovation
Stay Updated with CNBC Crypto World's Latest News and Daily Trading Updates
Kanye: The official Meme will be launched next week. All the coins on the market are fake.
Trending news
MoreCrypto prices
More
