A Huge Bitcoin (BTC) Step Came from a Name with a Wealth of 8 Billion Dollars! “160 Million Dollars…”

Famous hedge fund manager Paul Tudor Jones invested nearly $160 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT). Bitcoin He made a significant investment on his ETFs. The filing by hedge fund Tudor Investment places the company among the top 10 IBIT holders, according to Bloomberg data.

Bloomberg ETF analyst Eric Balchunas called the investment “a win for Bitcoin,” noting that Jones, a respected investor, had been weighing his options and found ETFs “the best option for exposure.”

The timing of the investment coincides with renewed interest in Bitcoin following Donald Trump’s victory in the US presidential election, which in turn is positive. crypto para It coincides with a period when it causes optimism about the regulations. Bitcoin prices have soared, reaching an all-time high of over $93,000 this month.

Jones, a long-time Bitcoin advocate, has previously described BTC as a strong hedge against inflation alongside gold. In 2020, he suggested allocating 5% of investment portfolios to Bitcoin for diversification purposes. Despite its bullish stance, current IBIT holdings represent just 1.7% of Tudor Investment’s $9 billion in assets under management.

Jones’ investment comes as hedge funds increasingly embrace market-neutral strategies such as Bitcoin basis trading, which takes advantage of the price difference between Bitcoin futures and ETFs. Last week, that gap reached 17%, a level not seen since Bitcoin ETFs launched in January.

Large institutional companies are also entering the Bitcoin ETF space. Wall Street giant Millennium remains the largest Bitcoin ETF holder in the US, with $1.9 billion invested, representing 2.4% of the $70 billion in assets under management. Other notable holders include Susquehanna, Horizon Kinetics and Jane Street Group, reflecting strong institutional appetite for Bitcoin ETFs.

*This is not investment advice.