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Wall Street giant JP Morgan is reportedly planning to allow its wealthy clients to use shares in crypto ETFs, such as BlackRock’s iShares Bitcoin Trust, as collateral for loans. The bank will also consider crypto holdings when assessing clients’ net worth, signaling a shift in traditional finance’s approach to digital assets.
- JP Morgan will allow crypto ETF shares (e.g., BlackRock's iShares Bitcoin Trust) as loan collateral for wealthy clients.
- The bank will include crypto holdings in net worth assessments, aligning them with traditional assets like real estate.
- Despite CEO Jamie Dimon's past skepticism, JP Morgan now permits Bitcoin and Ethereum trading for customers.
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