JPMorgan will start accepting Bitcoin (BTC) Exchange-Traded funds as collateral for loans, Bloomberg News reported on June 4.
The lender is also planning to take into account digital asset property when evaluating the ability of a customer and placing crypto in addition to traditional categories such as shares, vehicles and visual arts in assessing the eligible loans.
The relocation indicates that the growing institutional confidence in digital assets and an evolving approach to asset management under a more tolerant regulatory landscape in the US.
The program will initially include BlackRock’s Ishares Bitcoin Trust (IBIT) and will be made available in the coming weeks to both trade and asset managers, according to the report, stating people who are familiar with the issue.
The shift positions the largest American bank to compete more aggressively as crypto investment products get a grip from both retail and high-quality customers.
Wealth access and institutional question
The policy will be implemented worldwide in the private customer layers of JPMorgan and offers structured credit supported by Crypto ETF Holdings.
Although the bank had previously assessed such a collateral on a case -by -case basis, the new framework formalizes the practice and paves the way for the recording of extra spot Bitcoin ETFs over time.
Since their debut in January 2024, Bitcoin ETFs have seen rapid growth, in which products in the US are now noted that now supervise more than $ 128 billion in assets. Their popularity has risen together with a broader political and institutional embrace of the sector after the election of President Donald Trump.
JPMorgan CEO Jamie Dimon has consistently pronounced personal skepticism about Bitcoin, but confirmed the company’s dedication to provide access to customers who are looking for Exposure.
He recently said that the lender Bitcoin would ‘support’ because customers want it, even if he does not personally like it during the possibility of the bank’s bank. JP Morgan is also involved in a joint venture with other large Wall Street -money lenders who want to launch a stablecoin.
Political winds
The decision comes in the midst of a clear shift in the Washington approach to digital assets.
Since the return to the office, President Donald Trump has supported a series of pro-Crypto policy, so that various barriers were dismantled that rather scare up large banks to fully go with the sector.
The position of his administration, reinforced by donations in industry and growing political support, has fueled optimism in American markets and digital assets.
Trump-Liedriedded companies have also expanded their presence in the crypto ecosystem, from Bitcoin Treasury purchases and a spot ETF to speculative companies with meme tokens and infrastructure game
With traditional finances and digital assets increasingly intertwined, JPMorgan’s collateral policy marks an important step in the institutionalization of crypto.
Because the demand for yield, liquidity and alternative exposure continues to rise, banks to offer products that bridge old and new markets.
