🚨 CMC News: JPMorgan Expands Crypto Services With ETF Financing and Collateral Options JPMorgan Chase is broadening its cryptocurrency offerings for trading and wealth management clients. The bank will now allow clients to use crypto assets as collateral for certain ETF loans, including BlackRock's $IBIT. Previously, such arrangements were only available on a case-by-case basis for select customers. The bank will also factor in clients' crypto holdings when calculating total net worth and liquid assets for borrowing assessments. This expansion comes as the US regulatory environment becomes more favorable toward digital assets under the current administration. JPMorgan CEO Jamie Dimon recently announced plans to let customers buy $BTC, though the bank won't custody the assets directly. The firm is also assisting Circle with its upcoming IPO, marking deeper institutional involvement in the #crypto sector. BlackRock's IBIT currently dominates the spot bitcoin ETF market with $69 billion in assets under management and approximately 78% market share. These moves signal traditional banking's growing acceptance of digital assets as legitimate financial instruments.