UBS Bitcoin ETF Call Options Surge 24x in Q2

UBS expanded IBIT call options by 24x to 1.95M contracts in Q2, while put exposure dropped 53%, signaling a shift in institutional derivatives positioning.

Woofun AI data shows that UBS increased its holdings of call options on BlackRock's Bitcoin spot ETF (IBIT) from 80,000 to 1.95 million contracts during the second quarter, representing a 24-fold increase. The bank also raised direct IBIT share holdings by 12% to 407,890 shares, valued at approximately $13.6 million, while put option exposure fell by 53% to 143,300 contracts. UBS, managing over $7 trillion in assets, launched Bitcoin and Ethereum trading for Swiss private clients earlier this year, though regulatory filings do not confirm if these option changes stem from client activity.