Crypto
UBS Scales Up Call Options on BlackRock's Bitcoin ETF by Over 2,300%
UBS's exposure to call options tied to BlackRock's iShares Bitcoin Trust (IBIT) surged 2,338% in the second quarter, making it more than 24 times larger in just three months.
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.
This increase is a significant shift towards institutional access to digital assets, allowing banks to provide or manage crypto exposure through regulated funds and traditional market instruments.