Catenaa, Sunday, June 08, 2025- JPMorgan Chase is set to allow clients to use cryptocurrency holdings as collateral for loans tied to select crypto exchange-traded funds, including BlackRock’s iShares Bitcoin Trust, as the bank expands its digital asset offerings amid a shifting US regulatory landscape, according to a Bloomberg report.
The move marks a shift from JPMorgan’s previous policy, where such arrangements were considered on a case-by-case basis. Under the expanded framework, the bank will now include crypto assets when assessing a wealth-management client’s net worth and liquidity for loan qualification.
The strategy is part of a broader effort by the Wall Street giant to integrate cryptocurrency services into its mainstream financial products. While JPMorgan CEO Jamie Dimon has been a vocal skeptic of digital assets, the firm has softened its stance.
Last month, Dimon acknowledged that customers would be able to buy bitcoin through the bank, though JPMorgan would not directly custody the asset.
The latest expansion complements JPMorgan’s support for crypto-related businesses.
In May, stablecoin issuer Circle enlisted the bank for its planned initial public offering.
BlackRock’s iShares Bitcoin Trust, which debuted in January 2024, currently leads the US spot bitcoin ETF market with roughly $69 billion in assets under management, accounting for about 78% of the total market share, according to The Block’s data.
Reports say that JPMorgan declined to comment.
