Latest news with #collateral
Crypto Insight
3 days ago
- Business
- Crypto Insight
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, according to 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, according to is the largest US spot Bitcoin ETF 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, it launched JPM Coin, a dollar-pegged stablecoin and in 2024, the bank reported holding shares of different spot Bitcoin ETFs. JPMorgan CEO Jamie Dimon in May said that the bank would soon allow clients to purchase Bitcoin. Dimon also reiterated his skepticism about the asset class, stating, comparing investing in BTC to smoking: 'I don't think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.' 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 Reserve withdrew guidance that discouraged banks from engaging in crypto and stablecoin activities. In May, the US Office of the Comptroller confirmed that banks can now handle the crypto assets of customers held in custody. That same month, The Wall Street Journal reported that US banks were holding early talks to launch a crypto stablecoin. The Trump administration has also announced the creation of a strategic Bitcoin reserve and digital asset stockpile, and is encouraging the passing of stablecoin legislation in the Senate. Source:
Bloomberg
4 days ago
- Business
- Bloomberg
JPMorgan Plans to Offer Clients Financing Against Crypto ETFs
JPMorgan Chase & Co. plans to let trading and wealth-management clients use some cryptocurrency-linked assets as collateral for loans, a major step by the biggest US bank to make inroads into an industry President Donald Trump has pledged to support. The firm will start providing financing against crypto exchange-traded funds, beginning with BlackRock Inc.'s iShares Bitcoin Trust, in the coming weeks, people familiar with the matter said. The move marks the latest effort involving crypto among the biggest US banks after the Trump administration started removing regulatory barriers.
