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Bank of America Merrill Lynch Broadens Access to Crypto Funds
Summary by wealthmanagement.com
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Bank of America will allow its private banking and property management advisors to recommend cryptocurrencies (ETPs and ETFs) listed products within their customers’ portfolios from next month. The decision, which eliminates minimum equity thresholds for access to these vehicles, represents a further step in the normalization of cryptocurrencies as an asset class on Wall Street, although the bank itself insists that it only makes sense in small …
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