Billionaire Paul Tudor Jones Loves an ETF That Could Soar 12,771% According to Billionaire Michael Saylor

Paul Tudor Jones is among the investing greats. The 70-year-old is widely credited with predicting the stock market collapse on Black Monday in 1987 when the Dow Jones fell a whopping 22%. Jones' hedge fund, Tudor Investment Corp, has posted average annual returns of roughly 19% over its more than four-decade existence, according to Hedge Fund Alpha, and Jones is reportedly worth over $8 billion, according to Forbes. Given his accomplishments, the market pays attention to what Jones says and what stocks Tudor Investment Corp buys and sells. Recently, Jones purchased a BlackRock ETF that MicroStrategy Executive Chairman Michael Saylor, reportedly worth more than $11 billion, thinks can rise roughly 12,771% over time. Let's take a look.After the completion of each quarter, funds that invest more than $100 million must file a 13F form with the Securities and Exchange Commission (SEC), disclosing what stocks they held at the end of each calendar quarter. They must do so within 45 days of the close of the most recent quarter and then the public can access these forms through the SEC's database.In the third quarter, Tudor Investment Corp increased its position in the iShares Bitcoin Trust ETF (NASDAQ: IBIT) by more than 400%, and now holds over 4.4 million shares of the BlackRock ETF. Bitcoin, the world's largest cryptocurrency by market value, and Ethereum, the world's second-largest cryptocurrency, are the only two tokens the SEC approved for spot ETFs -- Bitcoin spot ETFs like iShares Bitcoin Trust mirror Bitcoin's price by owning the token itself. The ETF stores and manages the crypto assets and then sells shares to investors. The ETF currently has a fee of 0.25% of the fund's net asset value.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool