Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options

Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options

Direct holdings of IBIT also rose 12% to 407,890 shares, while put option exposure dropped roughly 53% to 143,300 underlying shares during the quarter.

UBS Bitcoin ETF Calls Jump 24-Fold to 1.95M IBIT Shares

How Much Did UBS Increase Its IBIT Exposure? UBS sharply increased its exposure to call options tied to BlackRock’s iShares Bitcoin Trust during the second quarter, while also raising its direct IBIT holdings and reducing put exposure. The Swiss banking group reported call options covering 1.95 million underlying IBIT shares as of June 30, according to its latest U.S. regulatory filing. That compares with calls covering just 80,000 shares at the…

UBS Boosts Bitcoin ETF Call Options 24-Fold While Cutting Put Exposure by Half

UBS made a striking move. The Swiss banking giant quietly filed a position update showing it ramped up call option… Read the original on UBS Boosts Bitcoin ETF Call Options 24-Fold While Cutting Put Exposure by Half. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

UBS Boosts Bitcoin Exposure 24x With ETF Call Options

UBS, the Swiss banking giant, has sharply increased its Bitcoin exposure through ETF call options, with reporting pointing to a roughly 24-fold surge in that position rather than direct spot BTC accumulation.Read more...