UBS increased its holdings of IBIT call options and spot stocks in the second quarter, while reducing its exposure to put options

According to CoinDesk, UBS significantly increased its exposure to iShares Bitcoin Trust (IBIT), a subsidiary of BlackRock, in the second quarter. Its nominal position in IBIT call options increased from 80000 shares to approximately 1.95 million shares, its direct share in IBIT increased from 364371 shares to 407890 shares, and its nominal exposure in IBIT put options decreased from 303300 shares to 143300 shares. The regulatory documents did not disclose the exercise price and expiration date of the options, nor did they explain the driving factors of the transaction.