JPMorgan Launching New Way To Invest in Companies With Exposure to Cryptocurrency


JP Morgan is offering a new way for investors to get skin in the crypto game.

The investment banking giant is launching a structured note offering linked to the “J.P. Morgan Cryptocurrency Exposure Basket,” consisting of 11 stocks of U.S. listed companies that the bank believes are related directly or indirectly to crypto assets.

According to a new filing with the U.S. Securities and Exchange Commission (SEC), the included companies have exposure to crypto via “Bitcoin holdings, cryptocurrency technology products, cryptocurrency mining products, digital payments or Bitcoin trading.”

Twenty-percent of the basket is stock in MicroStrategy, 18% is stock in Square, 15% is stock in Riot Blockchain, 15% is stock in NVIDIA Corporation, and 10% is stock in PayPal.

The remaining six stocks, all weighted at 5% or less, are in Intercontinental Exchange, CME Group, Overstock.com, Silvergate Capital, as well as American depositary shares in Taiwan Semiconductor Manufacturing Company Limited.

The notes cost a minimum of $1,000 and will mature on May 5th, 2022. JP Morgan will deduct 1.5%.

This isn’t the bank’s first interaction with the crypto space: Earlier this week, news broke that JPMorgan is reportedly outlining opportunities in the crypto markets for its private banking clients who hold a minimum of $10 million in their accounts.

And in February, both JPMorgan and Goldman Sachs were reported to have been gaining exposure to 21Shares’ Polkadot ETP (exchange-traded product), which trades on the Swiss Stock Exchange under the ticker ADOT:SW.

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