JPMorgan Breaks the Mold: Bitcoin and Crypto ETFs Now Accepted as Loan Collateral

Wall Street's love-hate relationship with crypto takes another twist—JPMorgan just blinked. The banking giant will now let clients pledge Bitcoin and crypto ETFs as collateral for loans, a move that screams 'adapt or die' in the race for institutional dollars.

Finally, crypto gets a seat at the big-boy table—even if it’s just the folding chair in the corner. TradFi’s slow embrace of digital assets continues, one cautious, revenue-driven step at a time. Next up: Jamie Dimon quietly buying a Bored Ape?

JPMorgan to Offer Financing Against Bitcoin ETFs in Landmark Decision

Throughout the first five months of the year, the United States has firmly embraced a stark policy shift regarding the cryptocurrency market. US President Donald TRUMP has emerged as the first true pro-crypto commander-in-chief in the country’s history. With his appointment, the administration has placed a clear focus on favorable regulation for the asset class.

That has forced traditional banks to rethink how they operate within the industry. Thus, a continued shift toward integration and adoption has taken place. Indeed, JPMorgan has become a key face of that movement, as they will now accept Bitcoin and crypto ETFs as collateral for loans.

According to a Bloomberg report, the exchange will start providing finance options against Bitcoin ETFs “in the coming weeks,” according to sources. Additionally, they will start accounting for wealth management clients crypto holdings when “assessing their overall net worth and liquid assets,” in another major development.

This shows that the bank will begin viewing cryptocurrencies in the same way as stocks or various similar assets. The MOVE is rather surprising considering JPMorgan CEO Jamie Dimon’s stance on the asset. In January of this year he called Bitcoin a “Ponzi scheme” with no value. Since then, it has set a new $111,000 all-time high and become vitally integrated into the bank’s operations.