Tudor Investment Adds to BlackRock Bitcoin ETF Stake
Paul Tudor Jones founded Tudor Investment Corp. and serves as its chief investment officer. The billionaire macro trader has backed bitcoin since 2020 as protection against monetary expansion, making the firm’s ETF positioning a closely watched gauge of institutional appetite. In an April 28, 2026 podcast interview, Jones called bitcoin “unequivocally” the best inflation hedge, citing its decentralized network and hard cap of 21 million coins, compared with gold supply that continues to expand by a few percent a year.
Tudor Investment Corp.’s Form 13F, filed on Aug. 14, showed it held 688,529 shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of June 30, worth $22.92 million. The firm added 109,446 shares during the second quarter, an 18.9% increase and its first meaningful buildup after roughly a year of reductions. The bullish signal was tempered by derivatives positioning: Tudor cut IBIT call-option exposure by 85.2%, to 148,000 underlying shares from 998,000, while put exposure edged down to 715,000 shares from 725,000.
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The history behind this eventBillionaire Paul Tudor Jones Calls Bitcoin the Best Inflation Hedge
Paul Tudor Jones, founder of hedge fund Tudor Investment Corporation, has long been known for macro trading. Bitcoin’s supply is capped at 21 million coins, unlike gold, whose supply can increase through mining. As monetary and fiscal stimulus drives prices higher, Bitcoin’s scarcity has made its potential to replace gold an important asset-allocation question.
On April 28, 2026, Jones told the Invest Like the Best podcast that Bitcoin was the best inflation hedge. He also warned that the total value of U.S. stocks had reached 252% of GDP, closing in on the 270% recorded during the 2000 dot-com bubble. Based on current S&P 500 valuations, returns over the next 10 years could turn negative, while a stock-market correction could also affect public finances and the bond market.
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