JPMorgan will accept $BTC and cryptocurrency ETFs as loan collateral.

Many friends have said that it feels like good news, so why hasn't $BTC risen?

In fact, this event was anticipated on the very day SAB121 was lifted, and the SEC has already issued statements multiple times indicating that it does not oppose banks entering the cryptocurrency market. Therefore, JPMorgan's announcement was already expected, and it may not even be the first to engage in cryptocurrency collateralized lending.

However, this action is definitely positive for Bitcoin and compliant cryptocurrencies, but the reaction is long-term; in the short term, this is just a piece of expected news that can excite people a bit, but it is very different from Trump TACO.

The impact is profound, and the effects will be slow to materialize.