Edelman Financial Engines has disclosed about $34 million in spot Bitcoin ETF exposure, according to Bitcoin Magazine, with the position concentrated mainly in BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale-related products. While the allocation still represents a small slice of the firm’s broader portfolio, the report said it is larger than the company’s roughly $25 million position in Amazon.
The disclosure lines up with the public stance of founder Ric Edelman, who has backed Bitcoin ETFs since 2019. The report also noted that he founded the Digital Assets Council of Financial Professionals, an organization focused on crypto and blockchain education for financial advisors.
Separate filings cited the same day showed that Tudor Investment Corporation, led by macro trader Paul Tudor Jones, held 688,529 shares of IBIT worth about $22.9 million as of June 30. That was up from 579,083 shares in the previous quarter. Bitcoin Magazine said the increase drew attention given Jones’ long-standing reputation for reading inflation cycles.
Edelman Financial Engines has disclosed roughly $34 million in spot Bitcoin ETF holdings, according to Bitcoin Magazine, with the position mainly allocated to BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale-related products.
The report said the allocation remains small relative to the firm’s overall portfolio. Even so, it is larger than the company’s roughly $25 million position in Amazon.
The holding is also consistent with the public stance of founder Ric Edelman. Bitcoin Magazine said Edelman has advocated for Bitcoin ETFs since 2019 and founded the Digital Assets Council of Financial Professionals to provide crypto and blockchain education for financial advisors.
Separate disclosure cited the same day showed that Tudor Investment Corporation, run by veteran macro trader Paul Tudor Jones, held 688,529 shares of IBIT worth about $22.9 million as of June 30. That figure was up from 579,083 shares in the prior quarter.
Bitcoin Magazine noted that Jones has long been known for his views on inflation cycles, and said the size of this increase drew market attention on its own.
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