JPMorgan Chase launches structured notes linked to BlackRock's IBIT, coinciding with the Bitcoin halving cycle.

According to Mars Finance, on November 26th, JPMorgan Chase submitted a structured note to regulators linked to the BlackRock Bitcoin Spot ETF (IBIT). The design logic perfectly aligns with Bitcoin's classic "four-year halving cycle": a decline in 2026 followed by the start of a new bull market in 2028. The product mechanism includes: * If IBIT reaches its target price by the end of 2026 → the note will be automatically redeemed, and investors will receive a guaranteed 16% return. * If IBIT fails to reach its target price → the note will be extended to the end of 2028. If IBIT surpasses its target price, investors can receive more than 1.5 times their original investment, with no upper limit on returns. The product also features downside protection: as long as IBIT does not fall by more than 30% in 2028, the principal will be recovered; any decline exceeding 30% will be lost proportionally. JPMorgan warns that in the event of an extreme decline, investors could lose more than 40% or even their entire principal.