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