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CryptoFrancoARG
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UBS just multiplied its Bitcoin bet by 24. đ
One of the worldâs biggest banks isnât just talking about crypto anymoreâitâs taking action for real. UBS massively increased its exposure to call options on Bitcoin ETFs, while at the same time cutting in half its bearish hedging positions. For those who donât know how to translate it: theyâre betting heavily that the price will go up, and theyâre lowering the shield. They also increased their direct holdings of BlackRockâs ETF by 12%, surpassing 407,000 shares. This isnât a pilot testâthis is conviction.
When institutional âsmart moneyâ starts taking risks of this magnitude, the market usually doesnât take long to react. Personally, I see this as a major bullish signal that shouldnât be ignored.
Do you think big banks are getting in late, or are we still in the early stages of institutional adoption?
$BTC $IBIT $BNB
One of the worldâs biggest banks isnât just talking about crypto anymoreâitâs taking action for real. UBS massively increased its exposure to call options on Bitcoin ETFs, while at the same time cutting in half its bearish hedging positions. For those who donât know how to translate it: theyâre betting heavily that the price will go up, and theyâre lowering the shield. They also increased their direct holdings of BlackRockâs ETF by 12%, surpassing 407,000 shares. This isnât a pilot testâthis is conviction.
When institutional âsmart moneyâ starts taking risks of this magnitude, the market usually doesnât take long to react. Personally, I see this as a major bullish signal that shouldnât be ignored.
Do you think big banks are getting in late, or are we still in the early stages of institutional adoption?
$BTC $IBIT $BNB
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.