JPMorgan, the largest bank in the United States through property, is planning to offer trading clients and wealth management the option of using crypto assets as collateral for loans, According to In a June 4 report from Bloomberg.
The bank is set to allow financing against crypto exchange-traded funds (ETFs) in several weeks. JPMorgan will start with Blackrock’s Ishhares Bitcoin Trust, which, where, According to on sosovalue.com, is the largest US spot bitcoin (Btc) ETF with $ 70.1 billion in net assets.
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The bank will also consider the crypto holders of clients when assessing the net value, treating digital assets similar to those traditionally when determining how much a client can borrow against the owners.
JPMorgan is among US banks that estimate the crypto initiatives for some of its clients. In 2020, this JPM Coin launcheda dollar-pegged stablecoin and in 2024, the bank reported Holding shares of different areas of Bitcoin ETF.
JPMorgan CEO Jamie Dimon said in May that the bank was will be allowed as soon as possible clients to buy bitcoin. Dimon reiterated his doubt about the asset class, saying, comparing BTC to smoking:
“I don’t think you should smoke, but I’m defending your right to smoke. I’m defending your right to buy Bitcoin.”
Related: Coinbase considers applying for US banking license
The Trump administration eases regulations in Crypto banks
US president Donald Trump has released restrictions on banks and businesses of digital assets. In April 2025, the Federal Reserve Guide is removed That discouraged banks from contact with crypto and stablecoin activities. In May, the US office of the Comptroller confirmed that banks Can now hold customers’ crypto assets held in custody. In the same month, The Wall Street Journal reports that US banks is holding an early conversation to launch a crypto stablecoin.
The Trump administration also announced the creation of a Strategic Bitcoin Reserve and Digital Asset Stockpileand encourages Passing the law of stablecoin In the Senate.
Magazine: X Hall of Flame, Benjamin Cowen: Bitcoin’s dominance will fall in 2025
