Summary
- J.P. Morgan announced it will unveil a new structured product linked to the Bitcoin spot ETF IBIT.
- It said the product applies various payout conditions based on 2026 and 2028 benchmarks in line with the Bitcoin halving cycle.
- It said protection against principal loss is possible as long as IBIT's 2028 price does not fall by 30% or more from the reference level.
The world's largest investment bank J.P. Morgan is introducing a new structured product linked to a Bitcoin (BTC) spot exchange-traded fund (ETF).
On the 26th (Korean time), CoinDesk reported that J.P. Morgan filed documents with the Securities and Exchange Commission (SEC) related to a new structured product linked to BlackRock's Bitcoin spot ETF 'IBIT'. The product was launched to reflect Bitcoin's halving cycle and target institutional investor demand.
The product is designed to reflect Bitcoin's four-year halving cycle, incorporating adjustments in 2026 and potential outcomes in 2028. Specifically, if IBIT's price reaches a pre-set level by the end of 2026, it will pay a minimum return of 16%. If the conditions are not met, the product remains in place until 2028, and if the ETF price exceeds J.P. Morgan's target, investors can receive up to 1.5 times their principal with no cap.
The product prevents loss of principal as long as IBIT's 2028 price does not fall by 30% or more from the reference level. However, if a decline exceeds that level, losses will reflect the magnitude of the decline.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
