JPMorgan plans to woo wealthy customers with a new offering that allows them to access loans using spot Bitcoin exchange-traded funds as collateral.
According to a Bloomberg report on June 4, the Wall Street giant is set to expand its financing options to include spot Bitcoin (BTC) ETFs. Simply put, the bankâs wealthy clients will be able to use their cryptocurrency ETFs as collateral when applying for loans.
Per details in the report, this new service will apply to all of JPMorganâs wealthy clients globally.Â
Matthew Sigel, head of digital assets at VanEck, shared a snippet of the report on X:
JPMorgan chief executive officer Jamie Dimon recently announced that the bank will allow its clients to buy Bitcoin. Dimon, who remains a crypto skeptic, has previously also commented that he will defend peopleâs âright to buy Bitcoin.â
Now, sources say the top U.S. bankâs latest plan is to bring crypto-backed loans to its wealthy clients, with the program set to launch within JPMorganâs trading and wealth management divisions.
JPMorganâs new rollout will begin with BlackRockâs iShares Bitcoin Trust ETF, currently the largest spot Bitcoin ETF, with over $40.5 billion in cumulative inflows and more than $70.1 billion in net assets. While BlackRockâs IBIT is the first product in JPMorganâs offering, expansion could eventually include other crypto funds.
Sources also claim that JPMorgan plans to add crypto holdings to the list of assets considered when the bankâs financial managers assess a clientâs net worth.
Crypto will also be included in the assessment of liquid assets. In this case, the bank will treat crypto similarly to real estate, stocks, motor vehicles, and other assets that form a key part of secured loan arrangements.
Bitcoin adoption has accelerated in 2025, with leading financial institutions among those scrambling to bring BTC to their clients. Multiple publicly traded companies have also added Bitcoin to their treasury strategies, purchasing billions of dollars worth of the asset in the process.