JPMorgan, the investment banking giant, is finally going to invest in Bitcoin and cryptocurrencies, but not directly, yet.

The bank has come a long way from its Chief executive Officer Jamie Dimon calling it a “fraud” to the JPM releasing regular reports about Bitcoin and Ether and now enjoying the skyrocketing gains.

According to the bank’s filing with the Securities and Exchange Commission (SEC), JP Morgan is looking to launch a “Cryptocurrency Exposure Basket,” that will have an unequally weighted basket consisting of 11 reference stocks of US-listed companies that operate businesses related to digital assets, directly or indirectly.

These companies may have bitcoin holdings, dealing in crypto technology products, cryptocurrency mining products, digital payments, or bitcoin trading. MicroStrategy, Square, Riot Blockchain, NVIDIA Corporation, PayPal, Advanced Micro Devices, Taiwan Semiconductor Manufacturing Company Ltd., Intercontinental Exchange (the company behind Bakkt), CME Group, Overstock, and Silver Capital Corporation are the companies JPM is interested in.

The Basket may be subject to extreme price volatility and rapid and substantial decreases in price, the bank mentions in the document. They will not be having any direct exposure to cryptocurrencies and even the performance of the Basket may not be correlated with the price of any particular cryptocurrency, it added.

The incoming debt instrument will have a minimum denomination of $1,000 and has a 1.5% fee with a maturation date of May 2022.

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