A cluster of regulatory filings with the Securities and Exchange Commission indicate that Wall Street investment bank JPMorgan is giving its investor clients a way to gain exposure to crypto in the form of public-company stocks involved with digital assets.
The structured product documentation details so-called “Insight Notes Linked to the J.P. Morgan Basket of Companies with Exposure to Cryptocurrency.” The “basket” of companies includes names well-known in the crypto space, including market intelligence firm MicroStrategy, the Jack Dorsey-led payments company Square and PayPal, another payments company that is building support for crypto into its app and earlier this week announced its pending acquisition of crypto security firm Curv.