JPMorgan Chase, the largest bank in the United States, announced that it will allow its clients to use BlackRock's bitcoin ETF, the iShares Bitcoin Trust (IBIT), as collateral for loans, in a decision that redefines the relationship between traditional banking and the world of cryptocurrencies. This measure, which will be implemented in the coming weeks, also includes considering clients' cryptocurrency holdings in the calculations of equity and liquidity, equating them to traditional assets such as stocks or luxury goods.

JPMorgan's change of stance comes after years of skepticism from its CEO, Jamie Dimon, who has not hesitated to label bitcoin as a "fraud" and "without intrinsic value" in the past. However, institutional pressure and the growing demand from clients for products linked to cryptocurrencies have forced the bank to adapt to the new financial landscape, where bitcoin ETFs already manage more than USD 125 billion in assets, and BlackRock's fund leads the sector with a dominant share. #CryptoCharts101 #btc#JPMorganBitcoin