JPMorgan to let institutional clients pledge BTC and ETH as loan collateral by year-end: Bloomberg https://t.co/fiw8NMSNoh ...

JPMorgan plans to allow its institutional clients to use their holdings of BTC and ETH as loan collateral by the end of this year. This global program will rely on third-party custodians to safeguard the pledged crypto tokens. This initiative represents an extension of JPMorgan's previous policy of accepting crypto ETFs as collateral. https://t.co/qQ6osqNe7Z ...

Market Trend - JPMorgan will allow institutional clients to use Bitcoin & Ethereum as collateral [1]

JPMorgan plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year in a significant deepening of Wall Street’s crypto integration https://t.co/OcH4qjWnTa ...

JUST IN: JPMorgan to allow institutional clients to use Bitcoin & Ethereum as collateral. https://t.co/Nd0X1fOgmi ...

EXCLUSIVE: JPMorgan says bitcoin miners are decoupling from the bitcoin price as they pivot to AI https://t.co/AkfptAUSWD ...

Core Insights - The recent bankruptcies of auto lender Tricolor and auto-parts manufacturer First Brands have been misattributed to the private credit market, according to Blackstone executives [1][2][5] - Blackstone's CEO Steve Schwarzman emphasized that these failures are linked to bank-led credits rather than private credit, specifically citing over $2 billion in asset-backed securities arranged by major banks [3][4] - Despite a late-credit cycle leading to potential increases in defaults, Blackstone maintains that these bankruptcies are isolated incidents and do not reflect broader credit market issues [5][6] Private Credit Market Overview - Blackstone's non-real estate credit assets under management rose to $432.3 billion, with $36 billion in inflows during the last quarter [6][12] - Including real estate credit, Blackstone manages $500 billion in credit, an 18% increase from the previous year, making credit approximately 40% of its total $1.24 trillion in assets [7] - Retail investors contributed $3.6 billion in inflows to Blackstone's BCRED, its largest private wealth vehicle, which now has nearly $85 billion in assets under management [12] Performance and Expectations - Blackstone expects strong inflows in credit despite lower yields, as the firm anticipates continued interest from private wealth channels [13] - The firm reported returns of 2.6% for private credit and 1.6% for liquid credit in the last quarter, with BCRED having a 97% floating rate [14] - Historically, Blackstone has maintained low annual losses, averaging just 0.1% even during financial crises, and its investment-grade focused private credit platform has experienced zero realized losses to date [15][17]

Monetary Policy - JPMorgan expects the Federal Reserve to conclude quantitative tightening next week [1]

Monetary Policy - JPMorgan expects the Federal Reserve to end quantitative tightening next week [1]

Monetary Policy - JPMorgan expects the Federal Reserve to end quantitative tightening next week [1] - Rate cuts are anticipated [1] - Money printing is potentially on the horizon [1] Market Outlook - Bitcoin is expected to rise above $100,000 [1]