
JPMorgan Embraces Crypto ETFs, Will Accept Them as Loan Collateral
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In a major step for institutional crypto adoption, JPMorgan Chase will soon permit clients to pledge Bitcoin ETFs as loan collateral, according to a Bloomberg report.
The bank will first accept BlackRock’s IBIT, the largest spot Bitcoin ETF, before potentially expanding to other crypto-linked funds. Additionally, digital assets will now factor into clients’ net worth assessments, similar to traditional holdings.
This decision follows JPMorgan’s gradual embrace of crypto, including its JPM Coin stablecoin and Bitcoin ETF investments. Notably, CEO Jamie Dimon remains critical of Bitcoin, likening it to smoking—yet the bank continues to cater to client demand for crypto services.