JPMorgan structured note to offer clients crypto exposure

The Bank of Dimon (JPM) for the first time has mentioned the word "Bitcoin" in an SEC filing, according to MacroScope.The mention comes in a prospectus for the JPMorgan Cryptocurrency Exposure Basket, a structured note that won't be investing directly in cryptos, but instead in related companies.Microstrategy (MSTR) will be the largest holding at 20%, with Square (SQ) at 18%, Riot Blockchain (RIOT) and Nvidia (NVDA) at 15%, PayPal (PYPL) at 10%, and AMD (AMD), Taiwan Semi (TSM), Intercontinental Exchange (ICE), CME Group (CME), Overstock (OSTK), and Silvergate Capital (SI) each making up 5% or less.The note will pay out in May 2022 based on performance, minus, of course, a 1.5% fee.Yesterday, Bitcoin saw its first investment (that we're aware of) from a publicly-traded Scandinavian firm, when industrial conglomerate Aker announced the purchase of 1,170 coins.