JPMorgan will soon allow trading and wealth-management clients to use crypto ETFs, starting with BlackRock’s iShares Bitcoin Trust, as collateral for loans—an unprecedented move aligning with the Trump administration’s crypto-friendly stance. The bank will also factor clients’ crypto holdings into net worth and liquidity assessments, signaling growing institutional recognition of digital assets alongside traditional ones. The shift comes amid broader industry momentum, with rivals like Morgan Stanley preparing similar offerings and spot Bitcoin ETFs reaching $128 billion in assets after crypto’s post-election surge.

JPMorgan Plans to Offer Clients Financing Against Crypto ETFs