Claim $500Breaking: JPMorgan To Offer Loans Backed By BlackRock’s Bitcoin ETF
Highlights
- JPMorgan will offer loans backed by crypto ETFs, starting with BlackRock's IBIT.
- The top bank will also begin to assess clients crypto holdings when calculating how much they can borrow against their assets.
- This follows the Moscow Exchange's launch of futures linked to BlackRock's IBIT.
In a major development, top financial institution JPMorgan plans to begin offering loans to clients, with crypto ETFs serving as the collateral. The bank plans to start with the BlackRock Bitcoin ETF, IBIT, for this offering.
JPMorgan To Accept BlackRock Bitcoin ETF As Collateral For Loans
According to a Bloomberg report, the firm will start providing financing against crypto exchange-traded funds, starting with BlackRock’s Bitcoin ETF in the coming weeks. This marks traditional finance’s (TradFi) latest adoption of cryptocurrencies as the Trump administration continues to remove all regulatory hurdles.
The report also revealed that JPMorgan will begin taking wealth-management clients’ crypto holdings into account when assessing their overall net worth and liquid assets. This means that Bitcoin and other crypto assets could enjoy the same treatment as other assets, such as real estate, stocks, and precious metals, when calculating how much a client can borrow against their assets.
It is worth mentioning that this development follows the recent Moscow Exchange’s launch of Bitcoin futures linked to the BlackRock Bitcoin ETF, with the exchange offering limited access to accredited investors.
The IBIT ETF has enjoyed much interest from institutional investors since launching last year. SoSoValue data shows that the fund currently boasts $70.16 billion in net assets. The fund went on a 31-day inflow streak, which just ended on May 30.
Thanks to this massive interest, Bloomberg analyst Eric Balchunas predicts that the Bitcoin ETF’s holdings will surpass Satoshi Nakamoto’s 1.12 million BTC stash by next year.
In an X post, Balchunas revealed the top 25 biggest ETFs, which included the BlackRock Bitcoin ETF. The BTC ETF currently ranks at number 23 and is the youngest by nine times. Balchunas remarked that this is possibly the most insane IBIt stat yet, despite there being many of them.
Meanwhile, JPMorgan’s latest proposed offering comes despite the CEO Jamie Dimon’s skepticism about Bitcoin as an asset class. Jamie Dimon recently called on the US to stockpile bullets and rare earth instead of BTC.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Spot Bitcoin ETFs Bleed $175M as Analysts Predict BTC Price Crash to $40K
- Dormant Bitcoin Whale Awakens with $30M Profit
- Bitcoin, AI Coins Bounce as Nvidia Signs $20B AI Inference Deal with Groq
- PENGU Rises Despite Crypto Market Downtrend as Pudgy Penguins Appear on Las Vegas Sphere
- Binance Lists First Nation–Backed Stablecoin; CZ Reacts
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
- Why Bitcoin, Ethereum And XRP Prices Are Down Today? (24 Dec)
- XRP Price Prediction: Will 4 Billion Transactions Spark Next Rally?
- Solana Price Outlook: Will SOL Recover With Strong Institutional Buying?
