JP MORGAN CHASE(US:JPM) Zhi Tong Cai Jing·2025-10-24 11:36Group 1 - JPMorgan Chase plans to allow institutional clients to use Bitcoin and Ethereum as collateral for loans by the end of the year, indicating a significant integration of cryptocurrencies into the financial system [1] - The plan will be implemented globally and will involve third-party custodians to hold the pledged tokens, building on JPMorgan's previous acceptance of cryptocurrency-related exchange-traded funds as collateral [1] - This expansion reflects the rapid incorporation of cryptocurrencies into the core architecture of the financial system, with Bitcoin prices rising and regulatory restrictions being eased under the Trump administration [1] Group 2 - Jamie Dimon, CEO of JPMorgan, has shifted his stance on cryptocurrencies, no longer viewing them as marginal investments but rather as assets comparable to stocks, bonds, and gold [1] - Other Wall Street firms, such as Morgan Stanley, State Street, Bank of New York Mellon, and Fidelity, are also actively engaging in the digital asset space, with plans to offer cryptocurrency services [2] - Regulatory adjustments have enabled firms like BlackRock to accept Bitcoin from investors and convert it into shares of exchange-traded funds tracking the cryptocurrency [2]