Bitcoin ETF calls surge 24-fold as puts fall 52.75%, reaching 1.95M IBIT underlying shares
UBS Group’s Aug. 13 regulatory filing showed that shares underlying its reported call options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) climbed to 1.95 million during the second quarter, while its reported...
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Here is the latest from the digital-asset markets: 13 regulatory filing showed that shares underlying its reported call options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) climbed to 1. 95 million during the second quarter, while its reported non-option share position increased 11. The Form 13F filing, which the U.
Securities and Exchange Commission accepted on Aug. 13, covered positions reported as of June 30. Across five non-option IBIT rows, UBS listed 407,890 shares, up from 364,371 across comparable rows at March 31.
Market Dynamics
The increase was 43,519 shares. However, the call line changed far more. UBS had reported calls covering 80,000 underlying shares at March 31, then 1.
95 million at June 30. That was an increase of 1. 87 million underlying-share equivalents, or 2,337.
5%, leaving the quarter-end amount at more than 24 times its March level. Related Reading This is what “Wall Street crypto” looks like: IBIT options went vertical as Bitcoin hit $60k intraday Bitcoin faces another violent swing if IBIT options stay this hot after the sell off. Feb 14, 2026 Andjela Radmilac Form 13F presents option quantities as the shares underlying the contracts.
Market Impact
These quantities are distinct from the non-option share rows, and the form does not report exercise status. By contrast, the put line moved in the other direction. Shares underlying reported IBIT puts declined from 303,300 at March 31 to 143,300 at June 30, a 52.
Related Reading The market is moving toward a future where owning Bitcoin matters less than betting on what happens next A $10 billion Bitcoin options expiry is turning a broad market shift into an immediate test for price discovery. Jun 21, 2026 Andjela Radmilac What the reported values mean The second-quarter table assigned $64. 9 million of underlying market value to the call row and $4.
8 million to the put row, compared with $13. 6 million across the five non-option share rows. Under the SEC’s Form 13F instructions, options are reported using the underlying security’s share amount and quarter-end value.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
