Institutional investor Paul Tudor Jones adds 109,446 BlackRock Bitcoin ETF shares while cutting calls by 85%
The June 30 snapshot shows a far less call-heavy mix, with reported put equivalents nearly unchanged. Editor-in-ChiefCryptoSlateAug. 15, 2026at 11:45 am GMT2 min readTudor Investment reported 688,529 direct. . .
The June 30 snapshot shows a far less call-heavy mix, with reported put equivalents nearly unchanged. Editor-in-ChiefCryptoSlateAug. 15, 2026at 11:45 am GMT2 min readTudor Investment reported 688,529 direct IBIT shares at June 30, up 18. 9% from its first-quarter filing. Call equivalents fell 85. 2% to 148,000, while put equivalents edged down 1. 4% to 715,000. The filing shows a less call-heavy mix but does not reveal Tudor Investment's strategy or net Bitcoin exposure. Tudor Investment reported 18. 9% more direct shares in BlackRock's iShares Bitcoin Trust ETF at June 30 than it held three months earlier, even as its reported call-equivalent quantity fell 85. 2%. Together, those moves complicate a straightforward reading that the manager simply increased its Bitcoin ETF exposure. Tudor Investment listed 688,529 direct IBIT shares in itslatest SEC holdings table, up from 579,083 in itsfirst-quarter table. The difference was 109,446 shares. Disclosed IBIT lineMarch 31June 30ChangeDirect shares579,083688,529+18. 9%Call equivalents998,000148,000-85. 2%Put equivalents725,000715,000-1. 4%The put-equivalent quantity barely moved, edging down to 715,000 from 725,000. At June 30, the filing valued the direct shares at $22. 9 million, the call line at $4. 93 million and the put line at $23. 8 million. How Form 13F reports optionsThose call and put dollar figures are underlying-security values rather than option premiums or fair values. Form 13F's instructionsrequire reported option values and quantities to be stated in terms of the underlying security. Here, the common reference is IBIT shares and their quarter-end market value. The reported put-equivalent row was about 4. 8 times the call-equivalent row at June 30. Three months earlier, the call row was about 1. 4 times the put row. These ratios compare underlying-share-equivalent entries in the filing; they are not net exposure or delta-adjusted risk. CryptoSlate Daily BriefDaily signals, zero noise. Market-moving headlines and context delivered every morning in one tight read. 5-minute digest100k+ readersFree. No spam. Unsubscribe any time. You’re subscribed. Welcome aboard. That makes the June 30 disclosure far less call-heavy than the March 31 snapshot. The pattern is compatible with a more cautious posture, but the table leaves Tudor Investment's strategy unresolved. Each option row carries a Put or Call label alongside the underlying value and quantity. Strikes, expiration dates, premiums and position purpose sit outside the disclosure. SEC guidancealso excludes written options and short equity positions. Adding and subtracting the three rows would therefore produce an unreliable measure of directional Bitcoin exposure. TheAug. 14 submissioncaptures holdings as of June 30, and any later transactions fall outside the snapshot. Across the two quarter-ends, Tudor Investment reported more direct IBIT shares, far fewer call equivalents and almost the same put equivalents. The filing reveals that change in the disclosed mix while leaving the strategy behind it unknown. 1H+0. 03%24H+0. 22%7D-3. 02%30D-1. 84%60D-5. 08%90D-19. 61%Bitcoinis+0. 22%over the past 24 hours and currently sits at rank #1by market cap. Market cap$1. 26TVolume (24h)$16. 46B-19. 08%Circ. supply20. 07MFDV$1. 32TGlobal market cap$2. 16T24H market volume$41. 47BBitcoin dominance58. 39%Mentioned in this articlePosted inFollow the signalCurated intelligence, delivered your way. Never miss a market-moving update. Daily briefingTop stories & analysisMarket movesKey charts & dataPolicy updatesWhat to watchWeekly deep diveLong-form insights