JPMorgan To Offer Clients Financing Against Bitcoin & Crypto ETFs
JPMorgan Chase & Co. plans to allow its trading and wealth-management clients to use cryptocurrency-linked assets, including spot Bitcoin exchange-traded funds (ETFs), as collateral for loans, according to Bloomberg.
The bank will begin with BlackRock’s iShares Bitcoin Trust (IBIT), and additional ETFs are expected to be added over time. The policy will apply globally, spanning all client segments—from individual retail accounts to investors.
In addition to the lending change, JPMorgan will begin factoring crypto holdings into overall net worth and liquid asset evaluations, placing them on par with stocks, vehicles, or fine art when determining loan eligibility, according to those familiar with the matter.
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