According to Odaily Planet Daily, JPMorgan is preparing to accept cryptocurrency-related assets as loan collateral, including Bitcoin exchange-traded funds. The first to involve BlackRock's iShares Bitcoin Trust.
This move marks a significant expansion of JPMorgan's cryptocurrency-related business, coinciding with a generally easing regulatory environment under the new U.S. administration. Previously, the bank only accepted such collateral in limited cases.
Under the new plan, cryptocurrency ETFs will be treated in a manner closer to traditional assets when assessing clients' lending capabilities. The plan is expected to launch in the coming weeks and may include more cryptocurrency investment products.
