Billionaire Paul Tudor Jones Doubles Bitcoin ETF Holdings to $445 Million
Paul Tudor Jones, a well-known billionaire and hedge fund manager, has significantly increased his investment in one of the most sought-after exchange-traded funds (ETFs) on the market.
Recent filings with the U.S. Securities and Exchange Commission (SEC) indicate that Jones has nearly doubled his holdings in BlackRock’s Bitcoin ETF. His firm, Tudor Investment Corporation, now owns over 8 million shares, up from around 4.4 million previously.
With aggressive purchases over the past two quarters, the firm’s total investment in BlackRock’s iShares Bitcoin Trust (IBIT) has reached approximately $445 million.
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Analyst Predicts Significant Altcoin Decline Before Potential RallyJones has long been vocal about his support for Bitcoin, previously highlighting it as a safeguard against inflation and government mismanagement of fiscal policies.
He has expressed confidence in assets like gold and Bitcoin , believing that inflation is inevitable and that commodities remain vastly underrepresented in investment portfolios.
Currently, BlackRock’s IBIT fund holds 583,122 BTC on behalf of its investors, with a total valuation of $56.86 billion as of the latest update.
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.
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