JPMorgan Chase has launched a new Bitcoin-linked structured product, igniting criticism from crypto enthusiasts who cite the bank’s past actions against community members. The product highlights growing institutional interest in Bitcoin despite lingering distrust among some participants, potentially influencing market dynamics and investor sentiment. 16% returns are offered via the structured note tied to BlackRock’s iShares Bitcoin Trust (IBIT). This move marks a shift towards greater institutional involvement in cryptocurrency. However, critics like Jack Mallers, CEO of Strike, are raising concerns about JPMorgan’s crypto-related client handling. Mallers claims past account closures by JPMorgan under the guise of “concerning activity” and the Bank Secrecy Act were unfair. While Bitcoin remains central to JPMorgan’s offering, structured products signal a shift towards mainstream adoption of this asset class within traditional finance systems. Institutional interest in Bitcoin has grown steadily, with structured products becoming more common recently, suggesting a transition from retail speculation to a broader acceptance as an investment asset.