JPMorgan is set to offer loans backed by spot Bitcoin ETFs, starting with BlackRock’s iShares Bitcoin Trust (IBIT), as part of a strategy to attract wealthy clients. This move allows clients to use their crypto ETF holdings as collateral, with plans for a global rollout.
The bank will also begin including crypto assets in net worth and liquid asset evaluations for loans. Despite past skepticism from CEO Jamie Dimon, JPMorgan’s new initiative signals growing institutional acceptance of Bitcoin amid a broader trend of increased crypto adoption in 2025.
The move reflects a broader shift under President Trump’s deregulatory stance and marks a significant change in how the bank evaluates digital assets. Now, Bitcoin ETFs will be treated like traditional assets when calculating net worth and borrowing capacity. This shift follows CEO Jamie Dimon’s recent comments supporting financial deregulation and individuals’ right to invest in crypto, despite his ongoing skepticism.
Spot Bitcoin ETFs, launched in the U.S. in January 2024, have rapidly grown to $128 billion in assets, marking one of the most successful ETF launches ever. Bitcoin’s price has also soared, reaching a record $111,980 in May following Donald Trump’s re-election in November 2024. Backed by crypto industry donations, Trump has introduced a series of pro-crypto policies, while his family businesses have expanded into areas like Bitcoin mining and meme coins.
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