THE UBS EXPOSURE OF THE SWISS BANK GIANT TO BITCOIN ETF OPTIONS INCREASED 24 TIMES IN THE FIRST QUARTER

ACCORDING TO NEW SEC DOCUMENTS, THE EXPOSURE OF THE SWISS BANK GIANT UBS TO ETF OPTIONS IN BITCOIN INCREASED 24 TIMES IN THE FIRST QUARTER, AND UBS, WITH ITS ASSETS MANAGEMENT TOTALLING $7 TRILLION, INCREASED ITS BETS ON IBIT FROM 80,000 TO 1.95 MILLION FOR BLACK STONES, WHILE INCREASING ITS DIRECT HOLDINGS BY 12 PER CENT AND REDUCING ITS PERCEIVED PROTECTION BY HALF。