JPMorgan Embraces Crypto as Loan Collateral, Accepting Bitcoin ETFs

JPMorgan Chase has announced a groundbreaking move: accepting Bitcoin and crypto exchange-traded funds (ETFs) like BlackRock’s iShares Bitcoin Trust as loan collateral for its US clients. This signifies a significant step towards mainstream adoption of cryptocurrency by financial institutions. Under CEO Jamie Dimon, JPMorgan is expanding its cryptocurrency services, marking a shift from previous skepticism and aligning with growing institutional interest in digital assets.