Tudor Investment holds $22.9 million worth of IBIT shares, ending a year-long reduction in its holdings.

According to Odaily Planet Daily, Tudor Investment, a macro hedge fund founded by billionaire Paul Tudor Jones, holds 688,529 shares of the BlackRock Bitcoin ETF iShares Bitcoin Trust (IBIT), with a market value of approximately $22.9 million as of June 30, an increase of 18.9% from the end of the first quarter, ending a year-long trend of reducing its holdings. Tudor Investment also reduced its holdings of call options linked to IBIT from 998,000 shares to approximately 148,000 shares, a decrease of about 85%, while its put option holdings remained roughly unchanged. The 13F filing did not disclose the option strike price and expiration date. Tudor Investment once held more than 8 million IBIT shares at the end of 2024, and subsequently continued to reduce its holdings. Paul Tudor Jones has long viewed Bitcoin as an asset to hedge against inflation; IBIT currently accounts for approximately 49% of the assets of US Bitcoin ETFs. (Decrypt)