JPMorgan is eyeing a major expansion into crypto-backed lending and is considering offering loans secured directly by clients’ cryptocurrency assets—including bitcoin and ether (ETH). With the bullish crypto regulatory environment under the Trump administration, JPMorgan may launch these crypto‑backed loans as soon as next year. Traditionally cautious, JPMorgan already allows clients to borrow against crypto exchange-traded funds (ETFs), such as BlackRock’s iShares Bitcoin Trust (IBIT). This next phase would deepen its commitment to digital assets, marking a shift under CEO Jamie Dimon’s leadership — who infamously labeled bitcoin a “fraud” eight years ago