3,600 shares in BlackRock's iShares Bitcoin Trust, held by Swiss bank UBS.

UBS Group AG, the Switzerland-based global investment bank and financial services firm, has publicly disclosed its significant stake in the iShares Bitcoin Trust (IBIT) through a recent filing with the Securities and Exchange Commission (SEC). 

This filing, which covers the first quarter of 2024, reveals that UBS Group AG holds 3,600 shares in IBIT, with a value of $145,692 as of March 31, 2024. 

This investment highlights the growing interest of traditional financial institutions in the crypto space, particularly in Bitcoin. 

It also underscores the accessibility provided by IBIT, allowing investors to access Bitcoin through a traditional brokerage account. 

IBIT, managed by BlackRock Inc., is an exchange-traded fund (ETF) that provides investors with exposure to Bitcoin, the leading cryptocurrency. 

With net assets of $16.6 billion and a net expense ratio of 0.12%, IBIT presents a convenient way for investors to gain exposure to Bitcoin without the complexities associated with directly holding the cryptocurrency. 

Furthermore, the relationship between UBS Group AG and BlackRock Inc. is noteworthy, as BlackRock is one of the institutional shareholders of UBS, holding approximately 5.01% of the total share capital. 

This investment in IBIT by UBS Group AG exemplifies its strategic interest in the crypto market and its potential for portfolio diversification.