With the asset only growing in value and relevant throughout this year, billionaire Paul Tudor Jones’ hedge fund has disclosed holding $230 million worth of BlackRock’s Spot Bitcoin ETF. Indeed, a filing with the US Securities and Exchange Commission (SEC) shows Tudor Jones’ belief in the leading cryptocurrency.

Speaking to CNBC in October, Tudor Jones expressed concerns regarding inflation. Moreover, he noted that he firmly believes in the capability and potential of gold and ‘digital gold,’ Bitcoin. The most recent filing shows that the hedge fund manager is putting his money where his mouth is.

Also Read: BlackRock’s Bitcoin ETF Officially Surpasses Its Gold ETF

Paul Tudor Jones Discloses Holding $230 Million Worth of BlackRock Bitcoin ETF

November is proving to be a historic month for Bitcoin. Just last week, the leading cryptocurrency surged to an all-time high of $93,000. It had been setting consecutive landmark prices after the 2024 presidential election of Donald Trump. With favorable regulation on the way, many are finally embracing the asset’s enormous potential.

But that value increase is paying off for those who have already bet big on the token. One that has noted exposure is Paul Tudor Jones’ hedge fund, which recently disclosed holding $230 million worth of BlackRock’s Spto Bitcoin ETF.

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With the crypto-based ETF receiving regulatory approval in January, BlakcRock has proven to be the most successful. It is no surprise that Tudor Jones has maintained a position in the $10 trillion asset manager’s BTC investment offering. Just last month, he discussed the ongoing inflation issue and why it fortifies his conviction regarding Bitcoin.

“I think all roads lead to inflation,” Tudor Jones told CNBC. “I’m long gold; I’m long bitcoin. I think commodities are so ridiculously underowned—so I’m long commodities.” Additionally, the billionaire expressed concern over mounting US federal debt. The figure reached $35.7 trillion this year.

“All roads lead to inflation,” the hedge fund manager reiterated. “That’s historically the way ever civilization has gout out: They’ve inflated away their debts.” Conversley, Tudor Jones’ Bitcoin ETF position shows his commitment to BTC amid the ongoing inflationary pressure on the US dollar.