US Edition
JPMorgan Plans to Let Clients Borrow Against Crypto ETFs
- In June 2025, JPMorgan revealed plans to permit its global clients to pledge digital asset holdings, such as exchange-traded funds tied to Bitcoin, as collateral for borrowing.
- This move follows the introduction and rapid growth of spot Bitcoin ETFs since January 2024 and reflects a shifting U.S. regulatory environment favoring digital assets.
- The bank will begin with BlackRock's iShares Bitcoin Trust and will treat crypto holdings like stocks or art when assessing collateral across client segments.
- Bitcoin’s price reached a record $111,980 in May 2025, and JPMorgan CEO Jamie Dimon reiterated his skepticism, saying, "I'm not a fan of Bitcoin" but supports clients' rights to invest.
- This policy expansion marks a significant step for JPMorgan into crypto finance and might increase the use of digital assets in lending while serving varied client demands.
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Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
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- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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