Old money on Wall Street finally bows down! This financial giant, JPMorgan Chase, has personally opened the vault for mortgage loans for crypto ETFs!

Brothers, the news is explosive! The heavyweight of traditional finance, JPMorgan Chase, has just announced: they are ready to accept Bitcoin spot ETFs as collateral for customer loans! What does this mean? Simply put—those Bitcoin ETFs you bought like BlackRock's IBIT and Fidelity's FBTC might be able to be used as collateral for loans at JPMorgan Chase, just like houses and stocks!

In the past, these Wall Street tycoons paid little attention to our crypto assets, thinking they were high risk and unreliable. What about now? Seeing the massive inflows of funds after the Bitcoin ETF was listed (just think about the rocket-like growth in the asset management scale of IBIT), even JPMorgan Chase couldn't sit still! This is practically a “hard currency” recognition certificate issued by the traditional financial system to crypto assets! Personally, I feel that this is more exciting than mere price fluctuations; the foundation is shaking, and the rules are being rewritten!

To be honest, my first reaction to this news was, “I’ve been waiting for you!” Although the specifics are not fully in place yet (like what the discount rate will be and which ETFs will be included), this green light is blinding! The entry of a player of JPMorgan Chase's caliber injects a strong shot of confidence into the entire crypto market, especially for ETF holders. This means that large institutions are not only starting to trade crypto products but are also beginning to incorporate them into the core credit system; the weight of this trust is immense! Of course, excitement aside, we must remain clear-headed: there are risks with collateral loans (such as price drops that could lead to margin calls or liquidations), and Bitcoin ETFs ≠ spot Bitcoin itself.

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