Lates News

According to reports, JPMorgan Chase is preparing to accept assets related to cryptocurrency as collateral for loans, including Bitcoin exchange-traded funds. The bank will first provide financing services for cryptocurrency ETFs, with the first batch involving BlackRock's iShares Bitcoin trust fund. This move marks a significant expansion for JPMorgan Chase in the cryptocurrency-related business, especially as the regulatory environment in the United States is becoming more relaxed under the new government. Previously, JPMorgan Chase only accepted such collateral on a limited case-by-case basis. However, under the new plan, cryptocurrency ETFs will be treated more similarly to traditional assets (such as stocks or real estate) when evaluating a client's borrowing capacity. The report also indicates that this plan, expected to launch in the coming weeks, may incorporate more cryptocurrency investment products in the future.