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In what is a major announcement for the banks’ continued cryptocurrency shift, JPMorgan is set to officially begin accepting Bitcoin and other crypto-based ETFs as collateral for loans. Indeed, the $3.6 trillion asset manager will begin providing financing against products like BlackRock’s iShares Bitcoin Trust (IBIT), according to Bloomberg. The decision aligns with a growing sentiment shift for the cryptocurrency sector in traditional finance. JPMorgan CEO Jamie Dimon has long been a skeptic regarding the potential of Bitcoin and other cryptocurrencies. Yet, the firm has continued to engage with and integrate the asset class into its offerings over the last year. JUST IN: $3.6 trillion asset manager JPMorgan to accept Bitcoin & crypto ETFs as collateral for loans. pic.twitter.com/znmDyJvyVG — Watcher.Guru (@WatcherGuru) June 4, 2025 Also Read: JPMorgan to Allow Clients to Buy Bitcoin, CEO Confirms JPMorgan to Offer Financing Against Bitcoin ETFs in Landmark Decision Throug...

Also Read: Bitcoin Outperforms Gold, Crude Oil; Bitcoin Bull Run Ahead? advertisement JPMorgan CEO Cautious Over Fed Hike JPMorgan Chase CEO in a recent interaction with Bloomberg shared his take over the role of artificial intelligence, ongoing debt limit deal and economic inflation. Dimon stated that in his view it is time for the Federal Reserve to hit a pause on hiking interest rates. The market has dealt with several big increases. However, there is a possibility that the authority is going to raise a little more from here. He directed that the people should be prepared for the Fed rates to go up a little more as inflation is proving hard to pull. JPMorgan CEO mentioned that it is just a matter of managing a business whether it is a financial company, real estate company, or more. It is essential to be prepared for the volatility which might be created by quantitative tightening. Read More Fed Rate Hike News Here… Reco...