JPMorgan to Allow BlackRock Bitcoin ETF Shares as Loan Collateral: Bloomberg

Wall Street Giant JP Morgan Plants to enable their rich clients to use stakes in the Krypto ETF, such as Blackkrock’s Ishares Bitcoin Trust, as a collateral for loans.

Unnamed sources familiar with this question Bloomberg That the bank will also begin to take into account Crypto Holdings when assessing the net value and liquid assets of clients. This would mean that Crypto gets the same treatment as real estate and vehicles when assessing the client’s ability to repay the loan.

JPMORGAN did not immediately respond to a commentary request from Decipher.

The bank had a love hatred with Bitcoin.

JPMORGAN CEO of Jamie Dimon has long been Bitcoin skepticbut recently said The bank would start allowing customers to trade Bitcoin and Ethereum.

This is news and will be updated.