JPMorgan to accept crypto ETFs as collateral for loans — Report

JPMorgan, the largest bank in the United States by assets, plans to offer trading and wealth-management clients the option of using crypto-linked assets as collateral for loans,accordingto a June 4 report from Bloomberg.

The bank is set to allow financing against crypto exchange-traded funds (ETFs) in some weeks. JPMorgan will begin with BlackRock’s iShares Bitcoin Trust, which,accordingto Sosovalue.com, is the largest US spot BitcoinBTC$104,809BitcoinChange (24h)0.79%Market Cap$2.08TVolume (24h)$27.53BView MoreETF with $70.1 billion in net assets.

The bank will also consider clients’ crypto holdings when assessing net worth, treating digital assets similarly to traditional ones when determining how much a client can borrow against assets.

JPMorgan is among US banks betting on crypto initiatives for some of its clients. In 2020, itlaunched JPM Coin, a dollar-pegged stablecoin and in 2024, the bank reportedholding shares of different spot Bitcoin ETFs.

JPMorgan CEO Jamie Dimon in May said that the bankwould soon allow clients to purchase Bitcoin. Dimon also reiterated his skepticism about the asset class, stating, comparing investing in BTC to smoking:

Related:Coinbase considering applying for US banking license

Trump administration eases regulations on banks in crypto

US President Donald Trump has been loosening restrictions on banks and digital assets businesses. In April 2025, the Federal Reservewithdrew guidancethat discouraged banks from engaging in crypto and stablecoin activities. In May, the US Office of the Comptroller confirmed that bankscan now handle the crypto assets of customersheld in custody. That same month, The Wall Street Journal reported that US bankswere holding early talks to launch a crypto stablecoin.

The Trump administration has also announced the creation of astrategic Bitcoin reserve and digital asset stockpile, and is encouraging thepassing of stablecoin legislationin the Senate.

Magazine:X Hall of Flame, Benjamin Cowen: Bitcoin dominance will fall in 2025

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