UBS Multiplies Bitcoin ETF Call Options 24-Fold in Q2
Swiss banking giant UBS significantly expanded its exposure to spot Bitcoin exchange-traded funds during the quarter, increasing call options while trimming puts.
Swiss mega-bank UBS dramatically increased its exposure to spot Bitcoin exchange-traded funds during the quarter, led by a 24-fold surge in call option holdings.
According to regulatory filings, UBS expanded its direct holdings of the iShares Bitcoin Trust (IBIT) by 12%, bringing its total to 407,890 shares. Concurrently, the bank's exposure to put options on the asset declined by approximately 53% to 143,300 underlying shares.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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