JPMorgan Chase plans to accept cryptocurrency ETFs as collateral for loans

Odaily Planet Daily News: JPMorgan Chase is preparing to accept cryptocurrency related assets as collateral for loans, including Bitcoin exchange traded funds. The bank will first provide financing services for cryptocurrency ETFs, with the first batch involving BlackRock's iShares Bitcoin Trust Fund. This measure marks a significant expansion of JPMorgan Chase's cryptocurrency related business and comes at a time when the regulatory environment is generally relaxed under the new US government. Previously, JPMorgan Chase only accepted such collateral on a limited case basis. But according to the new plan, cryptocurrency ETFs will be treated in a way that is closer to traditional assets such as stocks or real estate when evaluating clients' borrowing ability. The report also pointed out that this plan, expected to be launched in the coming weeks, may include more cryptocurrency investment products. (Golden Ten)