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JPMorgan Chase has announced plans to use Bitcoin exchange-traded funds (ETFs) as collateral for loans to its wealthy clients.

The new service, which will initially launch with BlackRock’s iShares Bitcoin Trust, will allow the bank’s global clients to access financial services using their digital assets.

The initiative will be implemented across the bank’s trading and liquidity management divisions, and the cryptocurrency will now be factored into the valuation of individuals’ liquid assets and net worth at JPMorgan, according to Bloomberg.

The move is part of a broader trend toward Bitcoin adoption among traditional financial institutions by 2025.

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