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Bank Of America Recommends Crypto Exposure In All Client Portfolios
- On Dec 02, 2025, Bank of America wealth-management advisers will recommend a 1% to 4% allocation to digital assets and market them to 70 million clients.
- Following recent industry shifts, traditional asset managers Morgan Stanley, BlackRock and Fidelity issued similar guidance last year, while Vanguard allowed crypto ETFs Monday.
- Coverage will focus on four leading spot bitcoin ETFs starting January 5, including Bitwise Bitcoin ETF, Fidelity's Wise Origin Bitcoin Fund, Grayscale's Bitcoin Mini Trust, and BlackRock's iShares Bitcoin Trust, which manage more than $94 billion in total assets.
- The change ups pressure on holdout banks as previously only the wealthiest clients could access crypto on request, with advisors barred from recommending exposure at Bank of America.
- Chris Hyzy recommended tailoring allocations by risk profile, saying the lower end suits conservative investors while the higher end fits those tolerant of volatility in digital assets.
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Bitcoin Rebounds Above $92,000 as Bank of America Endorses Crypto Allocations
Bitcoin surged past $92,000 on Wednesday, rebounding sharply from Monday's flash crash as Bank of America became the latest major financial institution to recommend cryptocurrency allocations for wealth management clients.The largest cryptocurrency gained over 7% in 24 hours to trade around $92,690 as of publication time, per Coinmarketcap data, marking its strongest daily performance since April. Ethereum rose 8% to $3,023, while Solana jumped …
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