{"id":11936,"date":"2026-08-15T12:22:15","date_gmt":"2026-08-15T12:22:15","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=11936"},"modified":"2026-08-15T12:22:15","modified_gmt":"2026-08-15T12:22:15","slug":"ibit-shares-up-19-call-equivalents-down-85","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=11936","title":{"rendered":"IBIT Shares Up 19%, Call Equivalents Down 85%"},"content":{"rendered":"

<\/p>\n

\n

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.<\/p>\n

Tudor Investment listed 688,529 direct IBIT shares in its latest SEC holdings table, up from 579,083 in its first-quarter table. The difference was 109,446 shares.<\/p>\n

\n
\"Wall\"Wall<\/div>\n
Related Reading<\/span><\/p>\n

Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing<\/h3>\n

US spot Bitcoin ETF investors are 22% underwater as Aug. 14 filings reveal which institutions held, added or sold through the drawdown.<\/p>\n

Aug 1, 2026<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n\n\n\n\n\n\n\n
Disclosed IBIT line<\/th>\nMarch 31<\/th>\nJune 30<\/th>\nChange<\/th>\n<\/tr>\n<\/thead>\n
Direct shares<\/td>\n579,083<\/td>\n688,529<\/td>\n+18.9%<\/td>\n<\/tr>\n
Call equivalents<\/td>\n998,000<\/td>\n148,000<\/td>\n-85.2%<\/td>\n<\/tr>\n
Put equivalents<\/td>\n725,000<\/td>\n715,000<\/td>\n-1.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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.<\/p>\n

\"SEC\"SEC<\/p>\n

\n
\"Bitcoin\"Bitcoin<\/div>\n
Related Reading<\/span><\/p>\n

Bitcoin ETF calls surge 24-fold as puts fall 52.75%, reaching 1.95M IBIT underlying shares<\/h3>\n

Its Aug. 13 filing covered 1.95 million call underlying-share equivalents at June 30, while account purpose remained unresolved.<\/p>\n

Aug 14, 2026<\/span> \u00b7<\/span> Liam ‘Akiba’ Wright<\/span><\/p>\n<\/div><\/div>\n

How Form 13F reports options<\/h2>\n

Those call and put dollar figures are underlying-security values rather than option premiums or fair values. Form 13F’s instructions require 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.<\/p>\n

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.<\/p>\n

\n
\n
CryptoSlate Daily Brief<\/span><\/p>\n

Daily signals, zero noise.<\/h3>\n

Market-moving headlines and context delivered every morning in one tight read.<\/p>\n

5-minute digest<\/span> 100k+ readers<\/span><\/p>\n<\/div>\n

\n

Free. No spam. Unsubscribe any time.<\/p>\n

Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n

You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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.<\/p>\n

\n
\"This\"This<\/div>\n
Related Reading<\/span><\/p>\n

This is what \u201cWall Street crypto\u201d looks like: IBIT options went vertical as Bitcoin hit $60k intraday<\/h3>\n

Bitcoin faces another violent swing if IBIT options stay this hot after the sell off.<\/p>\n

Feb 14, 2026<\/span> \u00b7<\/span> Andjela Radmilac<\/span><\/p>\n<\/div><\/div>\n

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 guidance also excludes written options and short equity positions. Adding and subtracting the three rows would therefore produce an unreliable measure of directional Bitcoin exposure.<\/p>\n

The Aug. 14 submission captures 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.<\/p>\n<\/div>\n

Analysis,Derivatives,ETF,Featured,Investments,Bitcoin,regulationBitcoin,ETF,regulation#IBIT #Shares #Call #Equivalents1786796535<\/p>\n","protected":false},"excerpt":{"rendered":"

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 its<\/p>\n","protected":false},"author":1,"featured_media":11937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,2060,6276,231,1886,389,881],"class_list":["post-11936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-call","tag-equivalents","tag-etf","tag-ibit","tag-regulation","tag-shares"],"yoast_head":"\nIBIT Shares Up 19%, Call Equivalents Down 85% - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Tudor Investment reported 18.9% more direct IBIT shares at June 30, while call equivalents fell 85.2% and put equivalents barely changed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=11936\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBIT Shares Up 19%, Call Equivalents Down 85%\" \/>\n<meta property=\"og:description\" content=\"Tudor Investment reported 18.9% more direct IBIT shares at June 30, while call equivalents fell 85.2% and put equivalents barely changed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=11936\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-15T12:22:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11936\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=11936\",\"name\":\"IBIT Shares Up 19%, Call Equivalents Down 85% - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11936#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11936#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg\",\"datePublished\":\"2026-08-15T12:22:15+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Tudor Investment reported 18.9% more direct IBIT shares at June 30, while call equivalents fell 85.2% and put equivalents barely changed.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11936#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=11936\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11936#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11936#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IBIT Shares Up 19%, Call Equivalents Down 85%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IBIT Shares Up 19%, Call Equivalents Down 85% - Crypto News: Latest Cryptocurrency News and Analysis","description":"Tudor Investment reported 18.9% more direct IBIT shares at June 30, while call equivalents fell 85.2% and put equivalents barely changed.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=11936","og_locale":"en_US","og_type":"article","og_title":"IBIT Shares Up 19%, Call Equivalents Down 85%","og_description":"Tudor Investment reported 18.9% more direct IBIT shares at June 30, while call equivalents fell 85.2% and put equivalents barely changed.","og_url":"https:\/\/cryptonews.uk.com\/?p=11936","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-08-15T12:22:15+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg","type":"image\/jpeg"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=11936","url":"https:\/\/cryptonews.uk.com\/?p=11936","name":"IBIT Shares Up 19%, Call Equivalents Down 85% - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=11936#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=11936#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg","datePublished":"2026-08-15T12:22:15+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Tudor Investment reported 18.9% more direct IBIT shares at June 30, while call equivalents fell 85.2% and put equivalents barely changed.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=11936#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=11936"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=11936#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/tudor-ibit-defensive-position.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=11936#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"IBIT Shares Up 19%, Call Equivalents Down 85%"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/11936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11936"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/11936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/11937"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}