UBS Boosts Bitcoin Exposure 24x via BlackRock ETF Call Options

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Swiss banking giant UBS has significantly increased its Bitcoin exposure through a 24-fold surge in call options tied to BlackRock's iShares Bitcoin Trust (IBIT). The bank's direct IBIT share holdings also grew by 12%, reaching 407,890 shares during the quarter. Meanwhile, UBS reduced its bearish put option exposure by roughly 53%, bringing it down to 143,300 underlying shares. The shift signals a notably more bullish stance by one of the world's largest banks toward Bitcoin investment products.

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