🇺🇸 JPMorgan Bank will allow global customers to use crypto ETFs as collateral for loans (starting with the Bitcoin ETF shares from BlackRock). This is an important step showing that the bank is beginning to recognize digital assets as part of traditional financial assets, even though CEO Jamie Dimon remains anti-Bitcoin.
Customers can use Bitcoin ETFs as collateral similar to stocks or bonds, and the value of crypto will also be included in the total assets when reviewing loan applications.
