JPMorgan to Offer Bitcoin ETFs as Collateral for Loans

JPMorgan Chase & Co., a leading financial institution with over $3.6 trillion in assets under management, is taking a bold step by allowing its clients access to loans backed by cryptocurrency-linked assets like Bitcoin exchange-traded funds (ETFs). This initiative will initially utilize BlackRock’s iShares Bitcoin Trust (IBIT), the largest U.S. spot Bitcoin ETF. Plans are underway to expand this program to include other crypto ETFs in the future.