JPMorgan will allow use of Bitcoin and crypto ETFs as credit collateral

• JPMorgan Accepts Bitcoin as Collateral for Global Loan
• Cryptocurrency ETFs gain ground in banking services
• Crypto-asset loans advance wealth management

JPMorgan Chase, the largest U.S. bank by assets, is set to begin accepting Bitcoin and cryptocurrency ETFs as collateral for loans. The move will apply to wealth management clients around the world, marking a significant shift in how the bank integrates digital assets into its traditional financial services.

🔔 JPMorgan pours bientôt accepter des #ETFs #crypto comme collatéral – notamment les ETF # Bitcoin Spot of #BlackRock .

💡 Concretely, this means that the ETFs attached to the Bitcoin physique (and potential to other cryptomonnaies) are commonly used… pic.twitter.com/Oa13Z8ofgx

— BambooFin (@bamboofin_io) June 4, 2025

Second sources cited According to Bloomberg, the bank will begin allowing the use of cryptocurrency ETFs, with a focus on BlackRock's iShares Bitcoin Trust (IBIT), which already has more than US$70 billion in assets under management. The expectation is that this new policy will be implemented in the coming weeks, covering everyone from retail investors to high-net-worth clients.

Historically, JPMorgan has analyzed crypto ETF-based collateral on a case-by-case basis. With the change, the bank will now treat them in the same way as traditional assets, such as stocks, vehicles and works of art, when calculating clients’ potential debt. The change also represents a step forward in institutional recognition of crypto assets as an integral part of capital allocation strategies.

JPMorgan CEO Jamie Dimon recently said the bank will “soon allow clients to buy Bitcoin,” although it does not yet offer custody services. Despite his well-known skepticism about cryptocurrencies, the executive’s stance does not appear to prevent the bank from expanding its services for this market.

The planned changes also involve considering cryptocurrency assets in clients' net worth analyses, making the bank's wealth management more compatible with the new reality of investors diversifying their portfolios with digital assets.

JPMorgan’s decision signals a greater openness of traditional financial institutions to the cryptocurrency ecosystem, recognizing their growing role as legitimate financial instruments. By incorporating Bitcoin ETFs into its lending processes, the bank sets a relevant precedent for other players in the financial sector.