JPMorgan to let clients use spot Bitcoin ETFs as loan collateral originally appeared on TheStreet .
JPMorgan Chase is reportedly gearing up to accept spot Bitcoin ETFs as collateral for loans — a move that could open the floodgates for more crypto-backed lending on Wall Street.
According to a June 4 report by Bloomberg, the bank plans to roll out the program within its trading and wealth management divisions. The initial focus will be on BlackRock’s iShares Bitcoin Trust (IBIT), but sources say other spot Bitcoin ETFs will likely be included over time.
JPMorgan's move comes as President Donald Trump has set a course to deregulate finance, and there are fewer obstacles to using crypto in banking and lending since his re-election.
JPMorgan has previously accepted crypto ETF holdings as collateral on a case-by-case basis. But this new framework would significantly expand that, treating crypto ETFs more like traditional assets when calculating a client’s net worth — similar to how stocks, real estate, or luxury assets are assessed.
This means wealthy clients holding large amounts of Bitcoin via ETFs could see their borrowing power increase substantially. Bloomberg also noted that JPMorgan is beginning to formally consider crypto exposure as part of overall net worth calculations.
The move comes just days after JPMorgan CEO Jamie Dimon made headlines with a notable shift in tone. In a June 2 appearance on Mornings with Maria on Fox Business, Dimon — long known for his criticism of Bitcoin — said he supports financial deregulation and warned of a potential bond crisis reminiscent of the COVID-19 era. While he hasn’t exactly become a Bitcoin bull, Dimon has previously defended people’s “right to buy” crypto.
JPMorgan to let clients use spot Bitcoin ETFs as loan collateral first appeared on TheStreet on Jun 4, 2025
This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared.