Institutional investor Paul Tudor Jones adds 109,446 BlackRock Bitcoin ETF shares while cutting calls by 85%
Tudor Investment reported 18.9% more direct shares in BlackRock's iShares Bitcoin Trust ETF at June 30 than it held three months earlier, even as its reported call-equivalent quantity fell 85.2%. Together, those moves complicate a straightforward reading that the manager simply increased its Bitcoin ETF exposure.
Tudor Investment listed 688,529 direct IBIT shares in its latest SEC holdings table, up from 579,083 in its first-quarter table. The difference was 109,446 shares.
| Disclosed IBIT line | March 31 | June 30 | Change |
|---|---|---|---|
| Direct shares | 579,083 | 688,529 | +18.9% |
| Call equivalents | 998,000 | 148,000 | -85.2% |
| Put equivalents | 725,000 | 715,000 | -1.4% |
The put-equivalent quantity barely moved, edging down to 715,000 from 725,000. At June 30, the filing valued the direct shares at $22.9 million, the call line at $4.93 million and the put line at $23.8 million.
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