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Wall Street Meets Crypto 💼 — JPMorgan Prepares Bitcoin & Ethereum-Backed Loans Before year's end, JPMorgan will provide Bitcoin and Ethereum collateralized loans to institutions. The investment bank outsourced digital custody solution will serve worldwide customers. Bitcoin was originally called a “hyped up fraud,” but JPMorgan CEO Jamie Dimon has now moderated his attitude. JPMorgan to provide institutional Bitcoin, Ethereum loans by year-end. A paradigm change in JPMorgan Chase's strategy is expected to provide Bitcoin (BTC) and Ethereum (ETH)-backed loans to institutional customers before the end of the year. JPMorgan capitalizes on Wall Street's crypto rush Bloomberg reports that the lending product would take Bitcoin and Ethereum as collateral. JPMorgan will hire a third-party custodian to protect the funds, according to unnamed sources. #JPMorgan started taking crypto ETFs as loan collateral, but BlackRock customers had restricted access. Investment bank evaluations include crypto ETF holdings as net worth and liquid assets. Since Bitcoin ETFs were approved in January 2024, Wall Street has warmed to crypto as institutions seek other investment vehicles. SoSoValue reports $62 billion in net inflows and $149 billion in net assets for BTC spot ETFs in two years. Ethereum spot ETFs saw their largest year-to-date increase, averaging $14.45 billion on Friday and $26 billion in net assets. The US has nine ETFs. As legal changes have encouraged the conventional banking industry to integrate Bitcoin and the crypto market, JPMorgan's focus has changed. Since Jamie Dimon, JPMorgan's CEO, called Bitcoin a “hyped-up fraud,” the company's adoption of digital assets is significant. Dimon previously termed Bitcoin a “pet rock,” implying its worthlessness. The CEO has modified his Bitcoin attitude as JPMorgan prioritizes clients. I oppose smoking yet support your freedom to smoke. I support your freedom to acquire Bitcoin, go for it, Dimon said during JPMorgan's May investor conference.

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JPMorgan will let big customers use Bitcoin and Ethereum as collateral for loans. … That’s right—crypto as your ticket to borrowing real cash! … Here’s the twist- your coins stay safe with a trusted third party, so no funny business. … This isn’t just about trading—now, your crypto can work for you, like real estate or stocks. … JPMorgan already accepts crypto ETFs for collateral, but now they’re going straight to the source. … Why does this matter? Because when the biggest bank in America goes crypto, other banks might follow. … It’s a giant leap for crypto fans and a wake-up call for the old-school crowd. … Bitcoin and Ethereum are no longer just internet money—they’re legit financial tools. … Stay tuned—crypto is breaking into the big leagues, and JPMorgan just unlocked the door!