JPMorgan (JPM) to Accept Bitcoin (BTC) ETFs, IBIT, as Loan Collateral in Expansion of Crypto Access: Bloomberg
JPMorgan Chase (JPM) plans to let trading and wealth-management clients use certain crypto-linked assets, including spot bitcoin exchange-traded funds (ETFs), as collateral for loans.
Starting in the coming weeks, the bank will offer financing backed by shares of BlackRock’s iShares Bitcoin Trust (IBIT), Bloomberg reported Wednesday, citing people familiar. For some clients, JPMorgan will also factor crypto holdings into assessments of net worth and liquidity — putting them on par with traditional securities like stocks.
The shift comes just weeks after CEO Jamie Dimon said the bank would soon allow clients to buy bitcoin
, marking a notable turnaround from his prior hard stance against digital assets. Dimon has long criticized…
