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Paul Tudor Jones' firm boosts stake in BlackRock's Bitcoin ETF despite cutting call options sharply.

Market News
15 Aug 2026
Coindesk
View Source
Bullish
Paul Tudor Jones' firm boosts stake in BlackRock's Bitcoin ETF despite cutting call options sharply.

Paul Tudor Jones' investment firm increased its direct holdings in BlackRock's iShares Bitcoin Trust ETF (IBIT) by 18.9% to 688,529 shares, valued at $22.9 million as of June 30. This comes after a year of steadily reducing its call option positions on the ETF by 85.2%, signaling a shift in strategy possibly towards hedging. Despite the recent increase, the current stake remains 91.4% below its peak in late 2024 and represents a small fraction of Tudor's overall portfolio. Tudor has consistently viewed bitcoin as an inflation hedge, emphasizing its fixed supply as a key advantage over gold. The move suggests cautious optimism about bitcoin's role in inflation protection amid market volatility.

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