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Wall Street Giant JPMorgan to Accept Bitcoin ETF Shares as Collateral for Loans

  • JPMorgan will now accept Bitcoin ETF shares as collateral for traditional loans.
  • US Bitcoin ETFs have over $128 billion in assets, with BlackRock's IBIT fund leading the market.
  • JPMorgan's updated policy will consider crypto assets for client net worth and loan eligibility.
  • Despite CEO Jamie Dimon's doubts about cryptocurrencies, JPMorgan has embraced the crypto market's infrastructure and services.

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