Two amphiphilic random copolymers, PEGMAx‐co‐FAy (x = 90 and 70 mol%), are synthesized by ATRP and their solutions are investigated as a function of solvent, concentration, and temperature by DLS and SANS analyses. Both copolymers self‐assemble in nanostructures by single‐chain folding in water solutions over a wide range of temperatures. The values of the DLS hydrodynamic radius and the SANS radius of gyration are found to be ≈4 nm and ≈3.4–3.7 nm, respectively. Moreover, SANS shows the self‐folded nanoassemblies to be prolated spheroids with a ratio of polar/equatorial axes of ≈5:1 for PEGMA90‐co‐FA10 and ≈2:1 for PEGMA70‐co‐FA30. On heating above a critical temperature Tc, multichain microassemblies are formed that revert back to nanoassemblies on cooling below Tc. This temperature‐responsive transition is fully and sharply reversible.