UBS Ups Bitcoin Position, Buys More Shares in BlackRock’s ETF

Swiss banking giant UBS has significantly increased its position in BlackRock's iShares Bitcoin Trust (IBIT), with holdings rising to approximately $90 million. This expansion, disclosed in a Form 13F filing with the SEC on August 13, indicates a growing demand for regulated Bitcoin exposure among institutional and wealthy clients. The bank has been quietly upping its position in the popular fund since 2024, signaling a strategic move to double down on its cryptocurrency ETF exposure.