JP Morgan to accept Bitcoin as loan collateral

Banking giant JPMorgan (NYSE: JPM) is reportedly preparing to accept cryptocurrency-linked assets, including Bitcoin (BTC) exchange-traded funds (ETFs), as loan collateral. The bank will initially offer financing against crypto ETFs, beginning with BlackRock’s iShares Bitcoin Trust, Bloomberg reported on June 4. This move marks a significant expansion of JPMorgan’s crypto-related offerings and comes at a time of broader regulatory easing under the new U.S source: https://finbold.com/jp-morgan-to-accept-bitcoin-as-loan-collateral/