UBS IBIT Call Options Surge 24x Quarterly

UBS expanded IBIT call exposure by 24x to 1.95M shares in Q2, while put exposure fell 53%. Direct holdings rose 12%, signaling potential institutional bullish positioning.

Woofun AI data shows that UBS significantly expanded its exposure to BlackRock's iShares Bitcoin Trust (IBIT) during the second quarter. The bank's notional position in IBIT call options climbed from 80,000 shares to approximately 1.95 million shares, marking a quarterly increase of over 24 times.

Concurrently, direct IBIT share holdings grew by roughly 12%, rising from 364,371 to 407,890 shares.

Conversely, UBS reduced its notional exposure to IBIT put options by about 53%, dropping from 303,300 shares to 143,300 shares. Regulatory filings did not specify strike prices or expiration dates, nor did they clarify whether these adjustments stemmed from client trading, market making, hedging, active management, or proprietary trading activities.