JPMorgan to Accept Bitcoin ETFs as Loan Collateral in Major Crypto Shift

JPMorgan Chase is preparing to accept certain crypto-linked assets, including spot bitcoin ETFs, as collateral for loans to its trading and wealth-management clients. According to Bloomberg, the bank will soon allow financing backed by shares of BlackRock’s iShares Bitcoin Trust (IBIT), reflecting a growing integration of digital assets into traditional finance.

This move also signals a notable policy shift. Despite years of skepticism from CEO Jamie Dimon—who previously criticized crypto for its ties to illicit activity—JPMorgan is now recognizing crypto holdings as part of net worth and liquidity assessments, treating them similarly to traditional securities.

The decision follows rising institutional and client demand for digital asset exposure, especially after the U.S. approved spot bitcoin ETFs. With regulatory clarity improving and public crypto firms gaining visibility, financial institutions are facing mounting pressure to offer crypto-related services.

Political shifts may also be influencing this trend. With Donald Trump back in office, expectations are growing that federal agencies will ease crypto regulations, forcing cautious banks to reconsider their stance. In this new landscape, denying clients access to crypto may be seen less as risk management and more as discriminatory behavior.

JPMorgan’s pivot marks a significant moment in the evolving relationship between Wall Street and crypto. As more banks look to serve high-net-worth clients seeking digital asset exposure, this could signal a broader wave of crypto adoption within legacy financial systems.

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