As the US is celebrating Thanksgiving Day on November 27, the Bitcoin price surged above $91,000 in a bullish market.
The crypto market is up by more than 3% in the past 24 hours, as optimism slowly returns in the industry, due to multiple factors, including JPMorgan’s latest moves.
Bitcoin Price Action
At the moment of writing this article, BTC is trading above $91,000, topping $91,800 earlier today. BTC is up by more than 4% in the past 24 hours.
After dipping to $81,000 levels on November 21, BTC price debuted an ascendant trajectory from $86,000 levels on November 26, fueled by multiple factors, including the latest actions by JPMorgan US banking institution.
JPMorgan Filed for a Structured Note Linked to BlackRock’s BTC ETF
According to the latest reports, JPMorgan has introduced a new structured note linked to BlackRock’s BTC ETF, IBIT. The official SEC website shows that the note is dated November 24, 2025, and it describes the “Auto Callable Accelerated Barrier Notes Linked to the iShares Bitcoin Trust ETF due December 20, 2028.”
On November 26, the cumulative net inflow of IBIT was over $62,6 billion, according to data from SoSoValue.
The official details reveal the following key points:
- The notes are designed for investors seeking early exit before maturity at a premium if, on the Review Date, the closing price of one share of IBIT, is at or above the Call Value.
- The date on which an automatic call may be initiated is December 21, 2026.
- The notes are also designed for investors seeking an uncapped return of 1.50 times any appreciation of IBIT at maturity, if the notes have not been automatically called.
- Investors should be willing to forgo interest payments and lose a significant portion of their principal amount at maturity.
- The notes are unsecured and unsubordinated obligations of JPMorgan Financial, and any payment on the notes is subject to its credit risk, and the credit risk of JPMorgan Chase as guarantor of the notes.
- Investors are warned about Bitcoin and crypto price volatilty relative to traditional asset classes.
- The price of a note will be a minimum of $1,000, and notes are expected to be priced on or about December 15, 2025, and settle on December 18.
The banking institution’s move is similar to Strategy’s BTC-related offerings and follows recent issues between the two financial entities.
Growing Institutional Interest in Bitcoin Fuels Optimism
JPMorgan’s latest move comes amidst rising institutional interest in Bitcoin and crypto-related products. Multiple crypto ETFs have been launched recently in the US, and more are expected to go live when the SEC gives the green light.
BTC ETFs in the US have seen renewed inflows since November 25, continuing on November 26 as well.
JPMorgan’s new BTC-related offerings are an important milestone for the crypto industry, despite the market volatilty. However, the markets seem to regain confidence, ahead of December, when the Fed will end QT and potentially cut interest rates. The chances of a new rate cut next month have surged near 85%, CME Group shows.
