JPMorgan Chase Launches Structured Note Linked to BlackRock’s IBIT, Aligned with Bitcoin Halving Cycle

BlockBeats News, November 26th. JPMorgan Chase submitted a structured note to regulators linked to the BNY Mellon Bitcoin Spot ETF (IBIT), with a design logic that closely follows the classic Bitcoin "four-year halving cycle": a decline in 2026 followed by a new bull market in 2028. The product mechanism includes:

· If IBIT reaches the target price by the end of 2026 → the note will be automatically redeemed, and investors will receive a guaranteed 16% return
· If IBIT does not meet the target → the note will continue until the end of 2028. If IBIT surpasses the target price, investors can receive returns of 1.5 times or more of the initial investment with no upper limit

The product also includes downside protection: as long as IBIT in 2028 does not fall by more than 30%, investors can retrieve their principal; any decrease exceeding 30% will result in proportional losses. JPMorgan warned that in the event of an extreme downturn, investors may lose more than 40% or even all of their principal.