JPMorgan and Morgan Stanley now offer leveraged structured products on Bitcoin, backed by ETFs, combining profit opportunities and downside risk hedging for institutions. Strategy has seen its stock decline since mid-October, facing increased margin requirements, short selling, and the emergence of competitors such as Metaplanet. This move by the big banks is eroding Strategy's status as the dominant Bitcoin intermediary for institutional investors.

#JPMorgan #MorganStanley #ETFs #bitcoin

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