Breaking: JPMorgan To Offer Loans Backed By BlackRock’s Bitcoin ETF

Boluwatife Adeyemi
June 4, 2025
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JPMorgan's logo and an image depicting the BlackRock 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.

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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.

Ranking of the top 25 ETFs by AuM

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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

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.

About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.