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

JP Morgan plans to allow wealthy clients to use shares in crypto ETFs, such as BlackRock's iShares Bitcoin Trust, as collateral for loans. The bank will also consider crypto holdings when assessing clients' net worth and liquid assets, treating them similarly to real estate and vehicles. Despite CEO Jamie Dimon's skepticism toward Bitcoin, the bank has started allowing customers to trade Bitcoin and Ethereum. This news is developing.