JPMorgan Files 1.5x Bitcoin Leverage Note as Chase Closes Strike CEO's Personal Accounts
JPMorgan has filed with the SEC for a structured note offering 1.5x leveraged exposure to BlackRock's iShares Bitcoin Trust, targeting December 2028 maturity with potential minimum 16% returns by December 2026. Strike CEO Jack Mallers disclosed that JPMorgan Chase terminated his personal accounts, citing "concerning activity" under Bank Secrecy Act monitoring. The developments highlight the bank's dual approach of expanding Bitcoin-linked products for wealth clients while restricting access for crypto industry executives.