Wall Street banks have sold over $530 million in notes linked to the BlackRock Bitcoin ETF.

In July, Jefferies Financial Group issued the first U.S. structured note linked to the BlackRock 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 arm, these banks have collectively sold over $530 million worth of notes linked to BlackRock's iShares Bitcoin Trust (IBIT).