JPMorgan to Accept Crypto ETFs as Collateral for Loans

JPMorgan Chase & Co., the largest bank in the US by assets, is set to offer its trading and wealth-management clients access to crypto-linked assets as collateral for loans. According to a June 4 report from Bloomberg, this new offering will begin within weeks and will focus on crypto exchange-traded funds (ETFs). The bank plans to utilize BlackRock’s iShares Bitcoin Trust, which boasts the largest net assets among US spot Bitcoin ETFs at $70.1 billion, as an initial starting point.