JPMorgan unveiled a new financial product—a leveraged structured note linked directly to BlackRock’s iShares Bitcoin Trust (IBIT). This announcement comes after intense scrutiny of the bank for allegedly targeting Strategy (formerly MicroStrategy), the Bitcoin proxy firm headed by Michael Saylor.

New IBIT-Linked Notes From JPMorgan

According to the bank’s filing with the US Securities and Exchange Commission (SEC), this structured note is strategically aligned with Bitcoin’s four-year Halving cycle, setting a maturity date for 2028.

Investors who purchase these IBIT-linked notes can potentially realize returns through an auto-call process that activates after one year, or upon reaching the final maturity date in 2028, which coincides with the next Bitcoin Halving .

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