JPMorgan Launches Complex Bitcoin Structured Note: Betting on Price Path

JPMorgan Chase has introduced a novel structured note designed for investors seeking to profit from specific price trajectories of Bitcoin. This complex product allows exposure to two distinct scenarios: a short-term decline in BlackRock’s Bitcoin ETF (IBIT), followed by a strong rebound by late 2028. The bank filed the prospectus with the U.S. Securities and Exchange Commission on November 25, 2025, marking one of Wall Street’s most unconventional crypto-linked offerings to date.