JPMorgan Chase to accept cryptocurrency ETFs as loan collateral

Planet Daily News: JPMorgan Chase is preparing to accept cryptocurrency-related assets as loan collateral, including Bitcoin exchange-traded funds. The bank will first provide financing services for cryptocurrency ETFs, initially involving BlackRock's iShares Bitcoin Trust Fund. This move marks a significant expansion of JPMorgan Chase's cryptocurrency-related business, coinciding with a more relaxed regulatory environment under the new US 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 like stocks or real estate when assessing clients' borrowing capacity. The report also noted that this plan, expected to launch in the coming weeks, may include more cryptocurrency investment products. (Jintian)