The Passerini three‐component reaction is applied to synthesize, in a one‐step procedure, diverse asymmetric α,ω‐dienes containing an acrylate and a terminal olefin. Such monomers are well known to undergo head‐to‐tail acyclic diene metathesis (ADMET) polymerization due to the high cross‐metathesis selectivity between acrylates and terminal olefins. Additionally, amphiphilic block copolymers are synthesized using a monofunctional PEG480 monoacrylate, which acts as a selective chain‐transfer agent during the polymerization process. Thus, control over the molecular weight of the amphiphilic ADMET polymers is shown by using different ratios of monomer and chain‐transfer agent. All the polymers are thoroughly characterized, and their ability to form nanoparticles in aqueous solution is studied.