ChainCatcher report, according to Bitcoin Magazine, investment advisory firm Edelman Financial Engines disclosed holding approximately $34 million in spot Bitcoin ETF positions, primarily allocated to BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale-related products. Although this position remains a small portion of its overall portfolio, it exceeds its $25 million stake in Amazon. This move aligns with the public stance of the firm’s founder, Ric Edelman, who has advocated for Bitcoin ETFs since 2019 and founded the Digital Assets Council of Financial Professionals to educate financial advisors on cryptocurrency and blockchain. On the same day, related filings revealed that Tudor Investment Corporation, managed by legendary macro trader Paul Tudor Jones, held 688,529 shares of IBIT as of June 30, valued at approximately $22.9 million—up from 579,083 shares in the previous quarter. The report noted that Jones is long known for his insights into inflation cycles, and this increase in position has drawn notable market attention.
Edelman Financial Holds $34M Bitcoin ETF; Tudor Investment Adds IBIT
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Summary
Edelman Financial’s cryptocurrency investment strategy includes a $34 million stake in Bitcoin ETFs, primarily in IBIT and Grayscale products. This position exceeds its $25 million holding in Amazon. Founder Ric Edelman has advocated for Bitcoin ETFs since 2019 and founded the Digital Assets Council. ETF trading activity increased as Tudor Investment added 109,446 IBIT shares in Q2, raising its total to 688,529 shares, valued at $22.9 million.
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