JPMorgan is preparing to offer loans backed by crypto ETFs, starting with BlackRock’s Bitcoin ETF, IBIT. According to a Bloomberg report, JPMorgan will roll out this financing service based on crypto ETFs in the coming weeks. This move comes after the Trump administration eased regulatory barriers on crypto assets. 

JPMorgan will now consider the crypto assets of its wealthy clients when calculating borrowable assets. As a result, clients will be able to include Bitcoin and other digital assets in their borrowing accounts, just like stocks, real estate, and precious metals. Recently, the Moscow Exchange also launched futures products based on BlackRock’s Bitcoin ETF, but limited them to accredited investors only. 

IBIT Attracts Institutional Investors 

BlackRock’s IBIT ETF has seen strong institutional demand since its launch. SoSoValue data shows the fund has reached $70.16 billion in net assets. IBIT received uninterrupted inflows for 31 consecutive days, a streak that ended on May 30. Bloomberg analyst Eric Balchunas predicts that the IBIT ETF will soon surpass Satoshi Nakamoto’s holdings of 1.12 million BTC. According to his list shared on platform X, akredite now ranks among the top 25 largest ETFs, despite being nine times younger than the other funds on the list — currently placing 23rd. 

Here's a table of the Top 25 biggest ETFs and their age. At 1.4 yrs old $IBIT is youngest on list by NINE times. It's like an infant hanging out with teenagers and twenty-somethings. Quite poss the most insane IBIT stat yet (and there are many) via @SirYappityyapp pic.twitter.com/w63XSkD7f6

— Eric Balchunas (@EricBalchunas) June 3, 2025

JPMorgan is launching this new credit service despite previous criticism from its CEO Jamie Dimon, who recently stated that the U.S. should stockpile bullets and rare elements instead of Bitcoin. JP Morgan has become the latest high-profile financial giant to offer its clients access to cryptocurrencies. Companies like Fidelity and Standard Chartered have also launched digital asset trading services this year for both institutional and retail clients.

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