JP MORGAN CHASE(US:JPM) Sou Hu Cai Jing·2025-10-24 09:56Core Viewpoint - JPMorgan plans to allow institutional clients to use Bitcoin and Ethereum as collateral for loans by the end of this year, marking a significant step for Wall Street in the cryptocurrency space [1] Group 1: JPMorgan's Strategy - The plan will rely on third-party custodians to safeguard the pledged tokens, continuing JPMorgan's previous practice of accepting cryptocurrency-linked ETFs as collateral [1] - This move highlights the increasing integration of digital assets into the financial system, particularly against the backdrop of rising Bitcoin prices and lower regulatory barriers [1] Group 2: Leadership Perspective - The decision is particularly notable given CEO Jamie Dimon's past criticisms of Bitcoin, labeling it as a "hyped-up fraud" or "pet rock," although he later adjusted his stance to support individuals' rights to invest in cryptocurrencies [1] - JPMorgan's decision reflects a symbolic and functional shift, positioning cryptocurrencies alongside mainstream assets such as stocks, bonds, and gold [1]