JP Morgan to accept Bitcoin as loan collateral
Banking giant JPMorgan (NYSE: JPM) is reportedly preparing to accept cryptocurrency-linked assets, including Bitcoin (BTC) exchange-traded funds (ETFs), as loan collateral. The bank will initially offer financing against crypto ETFs, beginning with BlackRock’s iShares Bitcoin Trust, Bloomberg reported on June 4. This move marks a significant expansion of JPMorgan’s crypto-related offerings and comes at a time of broader regulatory easing under the new U.S. administration. Previously, JPMorgan accepted such collateral on a limited, case-by-case basis. However, under the new plan, crypto ETFs will be treated more like traditional assets, such as stocks or real estate, when evaluating a client’s borrowing capacity. The report also noted that the initiative, expected to launch in the coming weeks, will likely include additional cryptocurrency investment products. Crypto in wealth management Moreover, JPMorgan plans to factor cryptocurre...