In accordance with BitJie, JPMorgan submitted a new product application for a three-year structured note tied to BlackRock's IBIT ETF following a 30% drop in Bitcoin's price and widespread market panic. The timing of the filing, which came after MicroStrategy (MSTR) transferred 58,390 BTC to Fidelity custody and amid a surge in forced liquidations, has raised questions about whether the move was strategic or coincidental. The bank had previously increased MSTR's margin requirements from 50% to 95%, contributing to a wave of panic selling and record ETF outflows.
JPMorgan Files Bond Linked to IBIT Amid Bitcoin's 30% Drop
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