JPMorgan is offering Bitcoin structured notes that provide investors with potential returns linked to Bitcoin's performance through 2028. The product is specifically tied to the performance of the BlackRock iShares Bitcoin Trust (IBIT), designed to allow investors to capture upside potential of up to 1.5x if Bitcoin prices surge over the maturation period. The note, priced at an entry point of $1,000, represents a deepening integration of crypto derivatives into traditional banking suites. However, it carries significant risk; investors are exposed to potential losses if the price of Bitcoin falls substantially by the 2028 maturity date, contrasting with the upside potential. [Update 1] New reports emphasize the specific risk profile of the structured note. While offering leveraged returns on the upside, the product does not offer principal protection, meaning investors could face losses correlated with Bitcoin's volatility if the asset underperforms BlackRock's ETF metrics by 2028.