J.P. Morgan reportedly allowing BTC and ETH as collateral what could this mean for institutional adoption?

Most of the conversation around crypto lately seems to focus on price charts or ETF flows, but a quieter development caught my attention.
There have been reports that JPMorgan Chase is now allowing institutional clients to use Bitcoin and Ethereum as collateral for certain lending arrangements.
If accurate, that seems like a meaningful shift. When a large bank accepts an asset as collateral, it usually means their internal risk models, legal teams, and compliance departments have become comfortable enough with the asset to integrate it into lending frameworks.
Historically, collateral eligibility can sometimes matter more for market structure than short-term price moves because it allows assets to participate more directly in traditional financial systems.
At the same time, institutional adoption tends to move slowly and often takes years before it has visible market impact.
Curious how people here see it.
Do moves like this typically lead other banks to follow, or do large institutions tend to move at very different speeds?