J.P. Morgan is considering accepting cryptocurrency ETFs as loan collateral.

According to reports, JPMorgan Chase is preparing to accept crypto-related assets as collateral for loans, including Bitcoin exchange-traded funds. The bank will first provide financing services for crypto ETFs, with the initial batch involving BlackRock's iShares Bitcoin Trust fund. This move marks a significant expansion for JPMorgan Chase in the crypto business, especially as regulations under the new U.S. government are becoming more relaxed. Previously, JPMorgan Chase only accepted such collateral on a limited basis. However, under the new plan, crypto ETFs will be treated in a way that is closer to traditional assets when evaluating clients' borrowing abilities. The report also indicates that this plan, expected to launch in the coming weeks, may include more crypto investment products.