#UBS

UBS's IBIT Call Options Surge 24x, But the Numbers Don't Actually Tell the Whole Story

UBS's Q2 13F filing shows its Bitcoin ETF IBIT call option position exploding from 80,000 to 1.95 million shares, with direct holdings growing in tandem while put options got cut in half. The numbers look impressive, but without strike prices or expiration dates, the actual direction remains unconfirmed.