JPMorgan Chase has filed with the Securities Exchange Commission (SEC) to launch a leveraged structured note product that would allow investors to place bets on the future price of bitcoin through the BlackRock iShares Bitcoin Trust exchange-traded fund.
According to the prospectus, the product has a special mechanism: if the bitcoin ETF price equals or exceeds the set price on December 21, 2026, JPMorgan will redeem the notes, paying at least $160 per note (face value $1,000). If the price falls below that standard, the notes will continue to be held until 2028.
In the latter scenario, investors could earn a 1.5-fold increase in bitcoin, with JPMorgan calling the potential return "unlimited". But the product is riskier, and if the price of bitcoin falls by 40% or more, investors will lose most of their initial investment.
JPMorgan Chase petitions the SEC for a bitcoin structured note product
2025-11-26 02:19:01
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