Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into the hottest ETF on the market.

New SEC filings show Jones has doubled his fund’s stake in BlackRock’s Bitcoin ETF, from 4,428,230 shares to 8,048,552 shares.

After the big buys, Tudor Investment Corporation is now holding about $445 million of the BlackRock iShares Bitcoin Trust (IBIT).

Late last year, Jones touted Bitcoin as a hedge against inflation and poor fiscal management from the government.

“I think all roads lead to inflation. I’m long gold, I’m long Bitcoin, I think commodities are so ridiculously under-owned.”

The BlackRock iShares Bitcoin Trust (IBIT) currently manages 583,122 BTC on behalf of its clients, valued at $56.86 billion.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Billionaire Paul Tudor Jones Pours $445,000,000 Into Single Asset, New SEC Filings Show appeared first on The Daily Hodl.

Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into the hottest ETF on the market.

New SEC filings show Jones has doubled his fund’s stake in BlackRock’s Bitcoin ETF, from 4,428,230 shares to 8,048,552 shares.

After the big buys, Tudor Investment Corporation is now holding about $445 million of the BlackRock iShares Bitcoin Trust (IBIT).

Late last year, Jones touted Bitcoin as a hedge against inflation and poor fiscal management from the government.

“I think all roads lead to inflation. I’m long gold, I’m long Bitcoin, I think commodities are so ridiculously under-owned.”

The BlackRock iShares Bitcoin Trust (IBIT) currently manages 583,122 BTC on behalf of its clients, valued at $56.86 billion.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Billionaire Paul Tudor Jones Pours $445,000,000 Into Single Asset, New SEC Filings Show appeared first on The Daily Hodl.