Investment banking giant JPMorgan Chase is planning to allow clients to use Bitcoin and Ether as collateral for loans, marking a significant step in Wall Street’s embrace of digital assets. According to a Bloomberg report, JPMorgan’s global clientele will have the ability to borrow against their Bitcoin and Ether holdings, which will be securely stored through a third-party custodian. This move could increase the appeal of these leading cryptocurrencies among institutional investors, similar to the impact of the first US spot Bitcoin ETF approval in January 2024. While JPMorgan has been exploring cryptocurrency-collateralized loans since at least July, some reports suggest that Bitcoin and Ether may not be accepted as collateral assets until 2026. JPMorgan has also shown interest in stablecoins and was one of the first US banks to develop JPM Coin, a dollar-pegged stablecoin launched in 2020. Despite past skepticism from CEO Jamie Dimon towards cryptocurrencies, the bank is steadily expanding its crypto-related offerings and holdings, highlighting a broader shift toward integrating digital assets into traditional financial services. For more information, visit https://cointelegraph.com/news/jpmorgan-bitcoin-ether-collateral-institutional-report