Paul Tudor Jones’ macro firm raises its position in BlackRock’s bitcoin exchange-traded product, buying back into the iShares Bitcoin Trust after a period of reducing exposure. In Q2, it increases its iShares Bitcoin Trust stake by 18.9% to 688,529 shares, worth about $22.9 million, according to the cited filings.
The reported shift also reflects a change in how the firm expresses its views. Decrypt says the firm sharply cuts its call options tied to the position, moving away from more leveraged, options-based exposure toward more direct holding of bitcoin exposure through the ETF. Yahoo Finance and Decrypt characterize the action as a return to buying after about a year of selling, without attributing the decision to any specific new development in markets within the reports.
