ME News: On December 17 (UTC+8), Bitcoin was once considered too volatile, insufficiently regulated, and too marginalized to be packaged into financial instruments by Wall Street firms for sale to wealthy clients. Now, the situation is completely different. In July, Jefferies Financial Group issued the first structured notes in the U.S. linked to BlackRock's Bitcoin ETF. Since then, at least three other banks, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, have followed suit. According to data from WSD's structured products intelligence agency, these banks have sold notes worth over $530 million linked to BlackRock's iShares Bitcoin Trust (IBIT). In fact, banks are integrating cryptocurrency exposure into new products that can offer customized returns based on different risk preferences, along with a certain level of downside protection. (Source: ME)

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