JPMorgan, the world’s largest investment bank, has made a new move regarding Bitcoin (BTC).
Accordingly, JPMorgan is preparing to launch a new structured product tied to its spot Bitcoin ETF.
JP Morgan has filed documents with the Securities and Exchange Commission (SEC) regarding a new structured product linked to BlackRock’s Bitcoin spot ETF ‘IBIT’, Coindesk reported.
According to the filing, JPMorgan is offering a derivatives-style investment that would allow investors to earn unlimited returns if the price of Bitcoin falls next year but rises again in 2028. The new product allows investors to bet on the future price of Bitcoin using BlackRock’s BTC ETF, IBIT.
It was stated that the product was launched to reflect Bitcoin’s halving cycle and target institutional investor demand.
Accordingly, the new product is reportedly designed to mirror Bitcoin’s four-year halving cycle. It includes adjustments in 2026 and potential outcomes in 2028. Accordingly, the product offers investors the chance to reap substantial returns if BlackRock’s Bitcoin ETF declines within a year but rises without any upper limit until 2028.
The product protects against principal loss as long as the IBIT price in 2028 doesn’t fall 30% or more from the reference level. However, if the decline exceeds this level, investors will also face principal loss.
*This is not investment advice.