So I just saw The Big Short (2015) It is a movie based on the 2008 housing bubble in the US.
Then I read this:
“9 March: JPMorgan launches ‘crypto exposure’ product
An SEC filing on Tuesday by the bank showed it is creating a “basket of companies with exposure to cryptocurrency” that will be dominated by MicroStrategy and Square.
JPMorgan will create debt products linked to the performance of the crypto basket, giving investors indirect exposure to the cryptocurrency market.”
Is this similar as in the movie? Or a start to something similar? Correct me if I’m wrong, I don’t understand this.
Thinking about that CDO? CMO? putting bad mortgages together in a basket. And you can long/short the basket. And long/short the people that long/short on the basket. And so on….I think?
Or is this just etf on a fund? Is there a difference?
Guess I just saw trigger words from the movie “basket” “exposure” “debt products” ¯(°_o)/¯