JPMorgan Chase is set to accept Bitcoin ETFs as loan collateral in a significant nod to crypto’s growing legitimacy in traditional finance.
Per Bloomberg, the bank will soon allow financing against BlackRock’s IBIT, the largest US spot Bitcoin ETF. Crypto assets will also be factored into clients’ net worth for lending purposes.
The decision reflects JPMorgan’s broader crypto strategy, which includes stablecoin development and Bitcoin ETF investments—even as CEO Jamie Dimon remains vocally critical of Bitcoin.
The move could further bridge the gap between Wall Street and digital assets.
