JPMorgan Chase & Co. will now allow clients to use cryptocurrency-linked investments starting with spot Bitcoin exchange-traded funds (ETFs) as collateral for loans, according to sources familiar with the bank’s plans.

The bank will first approve purchases of BlackRock’s iShares Bitcoin Trust (IBIT), a rapidly growing ETF. In the coming months, it is anticipated that more crypto-linked ETFs will get approval. JPMorgan’s new policy exists for their clients wherever they are located and whatever their level of investment.

JPMorgan to Accept Bitcoin ETFs as Loan Collateral

JPMorgan Expands Crypto Asset Recognition

JPMorgan will now add crypto holdings to its financial assessment when it measures clients’ worth and liquidity. It means crypto now belongs with important traditional holdings like equities, vehicles, and fine art, showing it has a key role in today’s portfolios.

The move marks a change from JPMorgan’s earlier rule when crypto was accepted as collateral for loans very sporadically. It is part of a recent trend among major financial firms moving to offer more crypto services.

Only recently Bloomberg found out Morgan Stanley is working on launching crypto trading services for its E*Trade customers. President Donald Trump’s second term has welcomed policies that are more business-friendly.

After becoming head of the government, federal agencies were more open to digital assets which has encouraged the rises in Bitcoin ETF popularity. Within the first 6 months of 2024, these funds reached over $128 billion in managed assets.

JPMorgan to Accept Bitcoin ETFs as Loan Collateral

JPMorgan Deepens Blockchain Ties

Bitcoin’s surge has given more strength to the recent rally. The value of Bitcoin soared to a new high of $111,980 in May 2025, showing that investors and institutions were again interested.

JPMorgan which was one of the first to adopt blockchain, has regularly worked together with major crypto firms including Coinbase. Still, CEO Jamie Dimon keeps suggesting to the public that he is not a Bitcoin believer.

At the bank’s annual investor day in May, he reiterated his doubts, stating, “I’m not a fan of Bitcoin.” Still, he added, “I defend your right to buy Bitcoin. Go at it.”

Though this decision runs counter to Dimon’s comments, JPMorgan clearly sees that clients value digital assets and that they are rapidly becoming part of the global financial system.