CoinDesk·3 min read·medium
Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options
F
Francisco Rodrigues
✦AI Summary
Swiss banking giant UBS has significantly increased its exposure to Bitcoin through a 24-fold surge in ETF call options. While its direct holdings in IBIT also rose, the bank reduced its put option exposure, signaling a shift in its digital asset strategy.
That increase, which gives it the right to acquire IBIT shares at a later date at a set price, came as its outright IBIT holdings rose about 12%, according to a regulatory filing this week.
businesscryptoeconomy
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