Jun. 10 at 3:22 PM
$JPM is preparing to allow clients in its trading & wealth mgmt divisions to use certain cryptocurrency-related assets, specifically Bitcoin ETFs, as collateral for loans.
The bank will initially begin offering financing backed by
$BLK iShares Bitcoin Trust
$IBIT
JPMorgan also intends to factor clients' crypto holdings into wealth assessments. The inclusion would place cryptocurrencies alongside more traditional assets such as equities, real estate, or collectibles in determining a client's borrowable value.
Spot Bitcoin ETFs: IBIT FBTC ARKB
Futures-Based ETFs: BTF BITO
Synthetic Bitcoin ETF: BTCW
Leveraged Bitcoin ETF: BITX
Covered Call ETF:
$YBTC
Trust Structure ETF: GBTC