JPMorgan launching 'crypto exposure basket' featuring MicroStrategy and Square

Cointelegraph

Published Mar 09, 2021 07:05PM ET

Updated Mar 09, 2021 08:40PM ET

JPMorgan Chase (NYSE:JPM) has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC.

JPMorgan’s Cryptocurrency Exposure Basket (Mar 2021) is described as an “unequally weighted basket consisting of 11 Reference Stocks of U.S.-listed companies" that operate businesses directly and indirectly related to cryptocurrencies.

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