tldr; JPMorgan plans to allow wealthy clients to use spot Bitcoin ETFs as collateral for loans, expanding its financing options globally. The initiative will start with BlackRock’s iShares Bitcoin Trust ETF, the largest spot Bitcoin ETF, and may include other crypto funds in the future. The bank will also consider crypto holdings in assessing clients‘ net worth and liquid assets, treating them similarly to real estate and stocks. This move reflects growing Bitcoin adoption among financial institutions.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
kirtash93 on
I miss the times when I was considered a criminal for owning crypto. Now real criminals are joining and I feel small
Str8truth on
What could possibly go wrong?
Cravensworth_redux on
These the same people who allowed houses to be mortgaged by people who couldn’t pay and had them listed as Triple A?
Pete_The_Pilot on
Btc is the hardest money there is and now its institutional grade collateral
kenzi28 on
Jamie Dimon: Bitcoin is worth nothing.
lordchickenburger on
Can jamie dimon step down now. Can he fire himself now. That fucking ass hat
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tldr; JPMorgan plans to allow wealthy clients to use spot Bitcoin ETFs as collateral for loans, expanding its financing options globally. The initiative will start with BlackRock’s iShares Bitcoin Trust ETF, the largest spot Bitcoin ETF, and may include other crypto funds in the future. The bank will also consider crypto holdings in assessing clients‘ net worth and liquid assets, treating them similarly to real estate and stocks. This move reflects growing Bitcoin adoption among financial institutions.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I miss the times when I was considered a criminal for owning crypto. Now real criminals are joining and I feel small
What could possibly go wrong?
These the same people who allowed houses to be mortgaged by people who couldn’t pay and had them listed as Triple A?
Btc is the hardest money there is and now its institutional grade collateral
Jamie Dimon: Bitcoin is worth nothing.
Can jamie dimon step down now. Can he fire himself now. That fucking ass hat