jpmorgan to accept bitcoin etfs as loan collateral, expanding crypto access

in jpmorgan •  2 months ago 

jpmorgan chase will start accepting shares of blackrock’s ishares bitcoin trust (ibit) as collateral for loans. the bank will also consider some clients’ crypto holdings when calculating net worth and liquid assets, treating them like traditional securities. this shift follows ceo jamie dimon’s recent announcement allowing clients to buy bitcoin, marking a significant change in stance. political and investor pressure are pushing banks to better accommodate crypto assets as digital finance grows.

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2 months ago by

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