UBS Quadruples Bitcoin ETF Call Options Exposure in Q2

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UBS increased its exposure to BlackRock's iShares Bitcoin Trust (IBIT) in Q2, with options market activity showing a 24-fold increase in long call positions to 1.95 million shares. Direct holdings rose 12% to 407,890 shares, while put options exposure declined 53% to 143,300 shares. Filings did not disclose strike prices, expiration dates, or the rationale for the shift. Altcoins to watch may attract increased attention if demand for Bitcoin ETFs continues to rise.

PANews, August 15: According to CoinDesk, Swiss megabank UBS significantly increased its exposure to BlackRock’s iShares Bitcoin Trust (IBIT) in the second quarter, raising its notional position in IBIT call options from 80,000 shares to approximately 1.95 million shares—a more than 24-fold quarterly increase. During the same period, its direct holdings of IBIT shares rose from 364,371 to 407,890 shares, an increase of about 12%. In contrast, UBS’s notional exposure to IBIT put options declined from 303,300 shares to 143,300 shares, a reduction of approximately 53%. Regulatory filings did not disclose the strike prices or expiration dates of the options, nor did they specify whether the positions were driven by client trading demand, market-making hedges, active management, or proprietary trading.

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