JPMorgan Chase & Co. plans to allow its trading and wealth-management clients to use cryptocurrency-linked assets, including spot Bitcoin exchange-traded funds (ETFs)As collateral for loan, Bloomberg.
The bank is expected to add additional ETFs over time. The policy will apply globally, spanning all client segments—from individual retail accounts to investors.
According to sources familiar with the issue, JPMorgan is also evaluating crypto assets as part of the overall liquid and net asset assessment, putting them at the same level with vehicles, fine art, or stocks when it comes to determining eligibility for loans.
The new policy represents a formalization of the limited and case-bycase permissions that were previously granted. Morgan Stanley is among the major financial institutions that are exploring new ways of integrating crypto-based offerings. Last month, Bloomberg also reported that Morgan Stanley plans to bring crypto trading to its E*Trade platform.
This shift reflects the changes to U.S. regulations. Donald Trump’s administration, since returning to the White House in 2017, has adopted a more streamlined approach. favorable stance Digital assets. Since their introduction in January 20, 2024, Spot Bitcoin ETFs have grown rapidly and manage assets totaling $128 billion.
Bitcoin’s price In recent months the price has also gone up significantly, and will hit a record of $111 980 in May 2025.
JPMorgan has been experimenting with blockchain since the early 2000s and continues to maintain relationships with companies such as Coinbase. This decision will allow the bank to lend more on digital assets.
JPMorgan’s CEO Jamie Dimon is a public skeptic of Bitcoin. However, he consistently emphasizes clients’ rights to the digital asset. Dimon said, “At the firm’s Investor Day in May,” “I’m not a fan of Bitcoin.” Then he said, “I don’t think we should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin, go at it.”
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Source: bitcoinmagazine.com
